Green Cross To Disappear, Merged Into Yoshitomi
Troubled Japanese blood products maker Green Cross sees an end to itsdifficulties by merging into fellow Japanese drugmaker Yoshitomi Pharmaceutical Industries, in a deal scheduled for completion October 1 and involving a share exchange - five shares of Green Cross for every three of Yoshitomi. The Green Cross name will disappear, though the group's current president will be named a vice president of Yoshitomi, with Yoshitomi's president remaining as president of the new group.
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