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-- -- New Zealand pharmaceutical industry this morning US drugmaker for Ricoh is buying Ireland's.
For eight point six billion dollars the deal works out to sixteen dollars and fifty cents a share in cash and stock.
Which represents an 11% premium over -- closing price.
Yeah acquisition is aimed at reducing -- -- tax bill while expanding overseas.
Earlier this month Beilein said it was -- to offers after spending months fighting a hostile lower price takeover bid by -- pharma.
There's also -- retail deal to tell you about this morning according to reports of -- is close to being.
Purchased by Hudson Bay the deal could be announced as early as today the acquisition will bring sacks under the same roof.
As Lord & Taylor Saks operates 42 sacks -- avenue stores and 66 outlet.
Valued by analysts at one point five billion dollars the company's shares have climbed 46%.
This year on take over reports.
Checking the markets now here in the US futures are pointing to a lower open.
And for a closer look at the Asian markets me go to business reporter Gloria Riviera in Beijing.
Good morning glory it was a rough week and rough way to start the week tell us more about that.
Good morning you're exactly right it's half way to start the week here in Asia let's just -- -- apparently the Nikkei was down.
3.3 percent that's -- the -- strengthening against the dollar which is really making exporters and nervous.
The Nikkei was down 3.3 percent that.
Get earnings from companies such as Toyota Honda and Sony but it was not enough to stop it from falling below thirteen 1700 for the first time in nearly a month came in at thirteen 1600 and 61 the broader topix also -- three point treatment.
To close at 1128.
Neither helped by concern over the yen against the dollar the -- coming in.
Had about 97 point 94 against the dollar -- nearing a one month hot equities Crist.
Right -- in China came over the weekend.
Net income from China's industrial companies.
Six points in recession that don't.
Fifteen point 5% from may still will be watching those trying to -- -- -- for two days it's been eager to see what they have to say after backpacks you.
Gloria thank you soon.
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