Vasella: No Rush To Make A Deal
Make a commentBy Ed Silverman // April 13th, 2007 // 7:01 am
For now, on talks are under way to snap up a rival with the $5.5 billion from the sale of Gerber baby food to Nestle, says the Novartis ceo.
“No, in that sense there is no concrete project at this time … patience pays off, because an acquiring company runs the risk of paying too much if it acts too agitated,” Dan tells Swiss newspaper Le Temps. “But obviously we’re always trying to find interesting acquisitions.”
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Source: Reuters[tags]Dan Vasella, Novartis[/tags]