Alcon IDC opposes Novartis merger
HUNENBERG, Switzerland Novartis may need to reconsider its offer to acquire Alcon, according to a press release issued Monday.
Hans Caspar von der Crone, a Swiss legal and corporate governance expert, has concluded that a recommendation by the Alcon independent director committee is an indispensable first step before the board of Alcon can decide on the merger proposal.
The conclusion runs contrary to Novartis’ public implications that it would be able to unilaterally impose the merger irrespective of the IDC’s position once Novartis becomes Alcon’s majority shareholder.
Afull copy of the legal opinion is available on the IDC’s website, Transactioninfo.com/alcon.
The IDC had commissioned von der Crone, as an independent third party and expert in Swiss corporate law and corporate governance best practices, to review all relevant corporate documents and issue a legal opinion.
Pepto-Bismol sponsors hot dog-eating contest
CINCINNATI Procter & Gamble and Major League Eating on Monday announced that Pepto-Bismol will be the first-ever stomach remedy sponsor of the annual Nathan’s Famous Fourth of July Hot Dog Eating Contest.
“We are very excited to welcome Pepto-Bismol on board as our newest sponsor,” stated George Shea, MLE president and emcee of the Nathan’s Hot Dog Eating Contest. “Pepto-Bismol has been around for more than 100 years, and in the 95 years of the contest, many people have often asked if the competitors experience stomach upsets and whether they use Pepto-Bismol. Nearly every eater does, and so for us, this sponsorship was a natural fit.”
“Nathan’s Hot Dog Eating Contest is the ultimate case in point of celebrating the summer with food, so we’re excited to announce our sponsorship of the event,” said Colleen Jay, VP P&G personal health care. “We wanted to show that whether you’ve gone a little overboard on your favorite food or eaten one too many hot dogs at your backyard BBQ this summer, turn to Pepto-Bismol.”
The Nathan’s Famous Hot Dog Eating Contest is an annual event that has become part of America’s Fourth of July celebration. The final event on Coney Island winds through many American cities, with regional qualifier competitions occurring at a variety of Nathan’s Famous retail locations.
Gaia Herbs’ Professional Solutions becomes EQP gold partner
BREVARD, N.C. Gaia Herbs professional division, under the brand name Professional Solutions, on Monday announced its acceptance as a gold partner in the Emerson Quality Program, a voluntary program for the nutritional supplement industry to help facilitate increased awareness of quality.
The objective of the EQP is to provide a convenient information portal for healthcare practitioners interested in recommending dietary supplements to their patients. “The launch of EQP was inspired by the knowledge that medical practitioners spent too much time searching for evidence and independent verification for supplements,” stated Fran Towey, president of Emerson Ecologics. “By making all the data needed to make informed decisions regarding quality and efficacy easily accessible, we have done this homework for them.”