Entries tagged "Adolf Merckle"
Does Kohlberg Kravis Roberts & Co. want to merge its Alliance Boots GmbH wholesale pharmaceuticals business with Phoenix Pharmahandel AG & Co. KG?
German drug wholesaler Phoenix Pharmahandel AG may go on the auction block for as much as €6 billion ($7.8 billion) after founder Adolf Merckle committed suicide nearly two weeks ago, according to Bloomberg. ...
With mounting debts exacerbated by a bad €1 billion ($1.35 billion) bet on shares of carmaker Volkswagen AG, German billionaire Adolf Merckle, who according to Forbes is the world's 94th wealthiest person, took his own life Monday. In a statement, the industrialist's family said the 74-year-old felt helpless by the process of trying to cover his bad investments. ...