|
|
Article: Don't Hold Your Breath for a Block Takeout -Sources Say Family Controlled Co. May Want to Keep It All in the Family.(Block Drug Company Inc.)(Brief Article)(Statistical Data Included)
- Article from:
- Mergers & Acquisitions Report
- Article date:
- September 11, 2000
- Author:
CopyrightCOPYRIGHT 2000 SourceMedia, Inc. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
|
After announcing a review of strategic alternatives, Block Drug Co.'s stock has been surging in recent months as the market anticipates a takeout. Sources, however, noted that the company could be spending longer on the auction block than originally expected.
Ronald Lee, president of Lee Pharmaceuticals, said Block has been historically been a very profitable company, but in recent years that growth has slowed down. Moreover, the company tends to keep to itself. "For a billion dollar company, Block keeps a very low industry profile," he said. South El Monte, Calif.-based Lee manufactures personal care and professional dental products
Block is a ...
Related newspaper, magazine, and journal articles:
|
|
Article: Block Drug Company Acquires Beano(R) Brand Food ...
PR Newswire;
September 30, 1997 ;
700+ words
... ... Sept. 30 /PRNewswire/ -- Block Drug Company, Inc. (Nasdaq: BLOCA ... AkPharma Inc., jointly announced today Block Drug Company's acquisition of the Beano ... acquisition of the Beano brand will enhance Block Drug Company's well-established presence ...
|
|