Business expansion: Bayer is acquiring 70% of the four-year-old business. It will have an option to buy the rest by 2022. — Bloomberg
FRANKFURT: Bayer AG has agreed to buy online vitamin and health supplement company Care/of as the German drugmaker aims to expand its nutrition business.
Bayer is acquiring 70% of the four-year-old business in a transaction that values the company at US$225mil, according to a source. Bayer will have an option to buy the rest by 2022, said the source.
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