Aaron's Feed
Jan 3, 2011

Will J&J lower its bid for vaccine maker Crucell?

AMSTERDAM, Jan 3 (Reuters) – Dutch biotech firm Crucell
(CRCL.AS: Quote, Profile, Research, Stock Buzz)(CRXL.O: Quote, Profile, Research, Stock Buzz) has urged investors to accept an agreed 1.75
billion euros bid from U.S. healthcare group Johnson & Johnson
(JNJ.N: Quote, Profile, Research, Stock Buzz) [ID:nLDE6B91E4]

But J&J has left open the possibility of changing the terms
of the deal if Crucell’s recent vaccine production problems at a
South Korean plant turn out to be more serious than initially
thought.

Dec 31, 2010

Dutch banks allowed to repay state-backed debt early

AMSTERDAM, Dec 31 (Reuters) – Dutch banks and insurers will
be allowed to repay about 40.8 billion euros of emergency
financing ahead of schedule, the Dutch finance ministry said on
Friday, a sign of the sector’s recovery and ability to tap
capital markets.

When Dutch financial institutions were hit by the global
credit crisis in 2008 the finance ministry agreed to guarantee
up to 200 billion euros ($265 billion) in corporate bonds,
enabling banks and insurers to issue state-backed bonds.

Dec 24, 2010

Dutch ship heads for Ivory Coast

AMSTERDAM (Reuters) – The Netherlands said on Friday it had sent a naval ship to the Ivory Coast which could evacuate Dutch and other European citizens if post-election violence worsened in the West African nation.

The Dutch defense ministry said the French government had requested assistance from the Netherlands, which agreed to dispatch the ship, the Amsterdam.

Dec 24, 2010

Draka investor Centaurus said to push Xinmao bid

AMSTERDAM (Reuters) – Takeover target Draka (DRAK.AS: Quote, Profile, Research, Stock Buzz) said on Friday it is talking to activist investor Centaurus following a media report that the fund is pushing the Dutch cable maker to consider a bid from China’s Xinmao Group.

Draka has already recommended that its shareholders accept a bid from another cable maker, Italy’s Prsymian (PRY.MI: Quote, Profile, Research, Stock Buzz), even though the offer is lower than Xinmao’s 1 billion euro ($1.3 billion) bid.

Dec 23, 2010

At record highs, will DSM shares rise further?

AMSTERDAM, Dec 23 (Reuters) – Dutch group DSM (DSMN.AS: Quote, Profile, Research, Stock Buzz), the
world’s largest vitamins maker, agreed this week to buy U.S.
baby food ingredients maker Martek Biosciences Corp (MATK.O: Quote, Profile, Research, Stock Buzz) for
$1.1 billion, sending its shares to an all-time high.

Analysts welcomed the deal, saying DSM had not overpaid.

Several raised their price targets, noting DSM’s
transformation from a bulk chemicals company into a specialist
nutrition company. There are now 15 analysts with a “buy” or
“outperform” rating on DSM and 10 “hold” or “sell” ratings.

Dec 21, 2010

DSM hits M&A road with $1.1 billion Martek buy

AMSTERDAM (Reuters) – Dutch group DSM (DSMN.AS: Quote, Profile, Research, Stock Buzz), the world’s largest vitamins maker, has agreed to buy U.S. baby food ingredients maker Martek Biosciences Corp (MATK.O: Quote, Profile, Research, Stock Buzz) for $1.1 billion, kicking off an expected acquisition spree.

DSM this month completed a program of divestments worth 1.2 billion euros ($1.6 billion), getting out of low-margin bulk chemicals to focus on nutrition.

Dec 21, 2010

DSM agrees to buy Martek for $1.09 bln

AMSTERDAM, Dec 21 (Reuters) – Dutch chemicals group DSM
(DSMN.AS: Quote, Profile, Research, Stock Buzz) said on Tuesday it would buy Martek Biosciences
Corporation (MATK.O: Quote, Profile, Research, Stock Buzz) for $1.087 billion (829 million euros) in
cash to specialise further in the niche food nutrition industry.

DSM has been repositioning itself in recent years away from
bulk chemicals to focus on niche life sciences and materials
sciences and last week completed its divestment programme,
saying it had a war chest of 2 billion euros for acquisitions.

Dec 16, 2010

Dutch town right to refuse drug tourism: EU court

AMSTERDAM (Reuters) – A Dutch town was right in refusing to let foreigners buy cannabis, Europe’s highest court said in a ruling Thursday that will help the national government’s plans to curb sales of the drug to tourists.

The European Court of Justice ruled that the mayor of Maastricht — a southern town near the German and Belgian borders and not far from France — was right to close down a coffee shop that had been selling cannabis to non-residents.

Dec 16, 2010

Dutch town allowed to refuse drug tourists – EU court

AMSTERDAM (Reuters) – A Dutch town was right in refusing to let foreigners buy cannabis, Europe’s highest court said in a ruling Thursday that will help the national government’s plans to curb sales of the drug to tourists.

The European Court of Justice ruled that the mayor of Maastricht — a southern town near the German and Belgian borders and not far from France — was right to close down a coffee shop that had been selling cannabis to non-residents.

Dec 16, 2010

TNT agrees lay-offs deal with unions to end strikes

AMSTERDAM, Dec 16 (Reuters) – Dutch group TNT (TNT.AS: Quote, Profile, Research, Stock Buzz) said
on Thursday it reached an in-principle agreement with postal
unions to cut the number of forced lay-offs, ending strike
action that threatened to derail a possible mail unit sale.

TNT workers have held a series of strikes in the past month
in protest against the number of forced redundancies at TNT,
which plans to axe 11,000 jobs in mail to adjust to the rise in
electronic communications and increased domestic competition.

    • About Aaron

      "Aaron specialises in the chemical and biotech sectors in the Netherlands alongside daily equities and general news reporting duties. He also covers the international criminal courts from The Hague. He began his career as a newspaper reporter and sub-editor in Australia in 1994. He has lived in the Netherlands since March 2000."
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