Newspaper article St Louis Post-Dispatch (MO)

Business Digest

Newspaper article St Louis Post-Dispatch (MO)

Business Digest

Article excerpt

Shire offers $30B for Baxalta * Drugmaker Shire said Tuesday that it was seeking to buy Baxalta, a company spun off by Baxter International last month, for $30 billion to forge the leading global specialist in rare diseases. The London-listed group went public with its offer after the Deerfield, Ill.-based firm turned it down. Baxalta, which has a staff of about 16,000, develops biotech treatments for rare blood conditions, cancers and immune system disorders. It had proforma revenue of $6 billion in 2014.

Maschhoff names new CEO * Maschhoff Family Foods' chief executive, Jason Logsdon, will be replaced by Tim Schellpeper, who retired earlier this year as president of Kansas City-based Smithfield-Farmland. The company also named Bradley Wolter president of The Maschhoffs. Wolter has been interim president since April for the Carlyle, Ill.-based hog production company.

New Fiat dealership opens * Jim Butler Auto Group said Tuesday it has opened Jim Butler Fiat of South County, at 11157 Lindbergh Business Court. It's the second Fiat outlet in the St. Louis area and the second of three Italian car brands that will make up Jim Butler Luxury LLC. Jim Butler Maserati opened in March, and an Alfa Romeo dealership is set to open next summer, the company said.

TeamHealth to acquire IPC * TeamHealth Holdings Inc., which supplies doctors to U.S. hospitals, said Tuesday that it would buy IPC Healthcare Inc in a deal valued at $1.6 billion. The combined company will have 15,000 health care professionals. In St. Louis, TeamHealth operates nine emergency departments at BJC HealthCare.

Kellogg to go all-natural * Kellogg Co., maker of Corn Flakes and Rice Krispies, plans to stop using artificial colors and flavors in its cereal and snack brands by the end of 2018. It's the latest food manufacturer to bow to consumer pressure to remove synthetic ingredients. …

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