Back to top

Analyst Blog

This page is temporarily not available.  Please check later as it should be available shortly. If you have any questions, please email customer support at support@zacks.com or call 800-767-3771 ext.  9339.

Bayer (BAYRY - Analyst Report) recently inked a deal to acquire all shares of Germany-based Steigerwald Arzneimittelwerk GmbH. Steigerwald Arzneimittelwerk is a private pharmaceutical company which specializes in pharmacy-only herbal medicines.

The transaction is expected to close early July this year on the fulfilment of certain conditions, including antitrust clearance. The companies kept the financial details of the transaction undisclosed. Bayer also agreed to take over all employees (approx. 180 people) of Steigerwald Arzneimittelwerk.

With the acquisition, Bayer will add Iberogast and Laif in its product portfolio. While Iberogast is approved for the treatment of functional gastrointestinal disorders, Laif is approved for the treatment of mild-to-moderate depression. In 2012, Steigerwald Arzneimittelwerk recorded sales of €61.3 million.

Bayer has been pretty active on the acquisition front in the last few months. The company was in the news recently with the announcement of its intention to acquire Conceptus Inc. , which develops and commercializes innovative device-based solutions in permanent birth control. Earlier this month, Bayer commenced a cash tender offer to acquire all shares of Conceptus for $31.00 per share (approx. $ 1.1 billion).

The Conceptus acquisition will add the Essure permanent (non-surgical) birth control system to Bayer’s product portfolio. We note that Conceptus’ Essure procedure was approved in 2002 in the US and is well accepted in the market. Successful completion of the acquisition would ensure the presence of short-term, long-term and permanent contraceptive choices from Bayer’s portfolio for women.

Bayer presently carries a Zacks Rank #3 (Hold). Other stocks such as Alexion Pharmaceuticals Inc. (ALXN - Analyst Report) and Alkermes (ALKS - Analyst Report) currently look more attractive. Both stocks carry a Zacks Rank #2 (Buy).

Please login to Zacks.com or register to post a comment.

New to Zacks?

Start Here

Zacks Investment Research

Close

Are you a new Zacks Member or a visitor to Zacks.com?

Top Zacks Features

Learn more

Start for as little as $4.50 per trade.

My Portfolio Tracker

Is it Time to Sell?

One of the most important steps you can take today is to set up your portfolio tracker on Zacks.com. Once you do, you'll be notified of major events affecting your stocks and/or funds with daily email alerts.

More Zacks Resources

Zacks Rank Home - Evaluate your stocks and use the Zacks Rank to eliminate the losers and keep the winners.

Mutual Fund Rank Home - Evaluate your funds with the Mutual Fund Rank for both your personal and retirement funds.

Stock/Mutual Fund Screening - Find better stocks and mutual funds. The ones most likely to beat the market and provide a positive return.

My Portfolio - Track your Portfolio and find out where your stocks/mutual funds stack up with the Zacks Rank.

Zacks #1 Rank Top Movers for Zacks #1 Rank Top Movers

Company Symbol Price %Chg
VERTEX ENERG VTNR 8.25 +10.59%
MODINE MANUF MOD 17.12 +8.77%
CLAYTON WILL CWEI 140.03 +7.27%
E*TRADE FINA ETFC 22.67 +5.44%
KNIGHTSBRIDG VLCCF 13.22 +5.42%