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Sandra Peterson To Join Johnson & Johnson On Dec. 1 As Group Worldwide Chairman

Johnson & Johnson (JNJ) announced Sandra Peterson will join it on December 1, as Group Worldwide Chairman and member of Executive Committee. Peterson will have responsibility for the Consumer Group of Companies, Information Technology, and Global Supply Chain. She will be based at Johnson & Johnson headquarters in New Brunswick, New Jersey.

Sandra Peterson is currently the Chairman and Chief Executive Officer of Bayer CropScience AG, based in Europe. Peterson has held her current role at Bayer since 2010. Previously, she was president and chief executive officer of Bayer Medical Care and president of Bayer HealthCare AG's Diabetes Care Division.

by RTT Staff Writer

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German conglomerate Bayer AG said it has made an all-cash offer to acquire U.S. competitor Monsanto for $122 per share or an aggregate value of $62 billion. Bayer expects the deal to reinforce it as a Life Science company with a deepened position. Responding to recent media reports, agricultural products giant Monsanto recently had disclosed that it had received an unsolicited proposal from Bayer. Agricultural machinery maker Deere & Co. reported Friday lower profit in its second quarter, reflecting weak equipment sales. Profit and net sales, however, topped analysts' estimates. Further, the company cut its forecast for fiscal 2016 profit, while updated sales view. Failing to find a buyer, the bankrupt retailer Sports Authority decided to close its remaining stores, and the brand will cease to exist. Sports Authority, once the nation's largest sporting goods retailer, said it plans to conduct going-out-of-business sales at all of its locations that weren't already slated to close, according to a new bankruptcy court filing in Delaware.
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