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SMITHKLINE BEECHAM's STERLING WINTHROP BUY WILL CAUSE PRODUCT OVERLAP

This article was originally published in The Rose Sheet

Executive Summary

SMITHKLINE BEECHAM's STERLING WINTHROP BUY WILL CAUSE PRODUCT OVERLAP in the U.S. skin care category, with the prospect of Sterling's Stri-Dex brand being combined with SmithKline's Oxy as part of the deal announced Aug. 29. Under the agreement, Eastman Kodak will receive $2.93 bil. in cash for all assets of its Sterling Winthrop subsidiary, including personnel, brands, facilities and intellectual property. Sterling Winthrop had worldwide sales of over $1 bil. in 1993.
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