Industrials

Takeda to reveal purchase of Nycomed Wednesday

TOKYO (Reuters) - Takeda Pharmaceutical Co , Japan's largest drugmaker, will announce the 1 trillion yen ($12 billion) purchase of closely held Swiss rival Nycomed on Wednesday as it seeks to expand in Europe and emerging markets, Japanese business daily Nikkei reported.

ConAgra Raises Bid for Ralcorp to $4.9B

The Omaha-based maker of brands such as Slim Jim, Snack pack, Egg Beaters and PAM bid $86 a share, which represents a 31.7% premium to Ralcorp’s closing price on March 21, the day ConAgra sent over its initial $82 proposal. It offers only a 3% premium to its close on Tuesday.

Molson Coors Posts Lower 1Q Profit

Molson Coors Brewing Co reported a drop in quarterly net earnings on Tuesday, from the year-earlier period when it recorded a one-time gain.