Colgate to Acquire Vipont: Colgate-Palmolive Co. will...
From Times Staff and Wire Reports
Colgate to Acquire Vipont: Colgate-Palmolive Co. will acquire Vipont Pharmaceutical Inc. for about $94 million, enabling Colgate to strengthen its oral hygiene product line, the companies announced. The merger agreement calls for the Ft. Collins, Colo.-based Vipont to sell Colgate all of its outstanding common shares for $14 each. Vipont also will spin off to its shareholders on Dec. 1 a total of 65% of the outstanding shares of Vipont Research Labs Inc., Vipont’s research subsidiary.
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