Generic drugmaker Actavis Plc (ACT.N) said it would acquire specialty pharmaceuticals company Forest Laboratories Inc (FRX.N) in a cash and stock deal valued at about $25 billion. Actavis will pay the equivalent of $89.48 per share, representing a premium of 25 percent to Forest’s Friday close. The offer comprises $26.04 […]
Business News
Exxon Partners Nigeria Banks for $8.6 Billion Contractors’ Funds
Exxon Mobil Corp.’s Nigerian unit partnered with 12 lenders in the nation to make $8.6 billion available to its contractors, helping them fulfil obligations to the world’s biggest oil producer by market value. The financing will give Exxon Mobil’s contractors “better and quicker funding options to execute their contracts speedily,” […]
Nigeria: 8,000 Engineers to Be Trained for Dangote Refinery
President of the Dangote Group of Companies, Alhaji Aliko Dangote, said in Lagos yesterday that over 8,000 Nigerian engineers would be trained at the $9 billion proposed Dangote Refinery. At the formal introduction of Dangote to the communities in the Lekki Free Trade Zone by Governor Babatunde Fashola, the business […]
