>From: <Careweb@aol.com>
>Date: Fri, 19 Jun 1998 10:48:17 EDT
>To: jham@concentric.net
>Subject: solgar story
>X-Mailer: AOL 3.0 for Windows 95 sub 18
>
>American Home Buys Solgar Vitamin to Expand Nutrition Business
>
>Madison, New Jersey, June 16 (Bloomberg) -- American Home Product Corp.,
maker
>of the painkiller Advil and Centrum vitamins, said it will buy Solgar Vitamin
>and Herb Co., adding a line of premium products sold only in health-food
>stores.
>
>American Home, also a leading maker of prescription drugs and with a big
$36.4
>billion stock-swap merger with Monsanto Co. pending, said it could complete
>the Solgar acquisition in the third quarter. Terms of the agreement weren't
>disclosed.
>
>Solgar, based in Leonia, New Jersey, has more than 400 vitamins, nutritional
>supplements and herbal products and annual sales of more than $100 million,
>American Home said. Sales of its own Centrum vitamin line rose 6.6 percent to
>$253 million last year.
>
>American Home will continue to sell its Centrum vitamins through grocery
>stores and Solgar's through health-food stores, said Carol Dornbush, an
>American Home spokeswoman.
>
>American Home also will expand its nutrition business through the Monsanto
>merger. Monsanto makes the artificial sweetener NutraSweet.
>
>Shares of American Home, based in Madison, New Jersey, rose 1 1/8 to 51
1/8 in
>trading of 3.1 million. St. Louis-based Monsanto rose 2 1/8 to 57 3/4 in
>trading of 1.95 million.
>
>16:46:57 06/16/1998
>
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>
******************************************
Donations Needed- Need Help to Keep Helper On
International Advocates for Health Freedom
John C. Hammell, Legislative Advocate
2411 Monroe St. Hollywood, FL 33020 USA
800-333-2553, 954-929-2905, FAX 954-929-0507,
jham@iahf.com    http://www.iahf.com
HERBS ARE _NOT_ DRUGS! HELP PASS HR 2868
THE CONSUMER HEALTH FREE SPEECH ACT!!!