Nothing but negotiation

The Gap Partnership

EKR and Cornerstone enter definitive merger agreement

EKR is to be acquired by Cornerstone.

15 May 2012

EKR Therapeutics and Cornerstone Therapeutics have revealed they have entered a definitive merger agreement.

This will involve the acquisition of EKR by Cornerstone, expanding the firm's commercial infrastructure and product offerings within the hospital sector.

If business negotiation strategies are successful, the deal should close towards the end of June.

Customary closing conditions will have to be met before the transaction can be concluded, including EKR stockholders adopting the merger agreement.

John Bailye, EKR chief executive officer, said he is "very proud" of the operations his employees have performed.

He claimed to be pleased that the value of his business has been recognised by Cornerstone and looks forward to its success.

"This transaction brings Cornerstone critical mass in the hospital-based therapeutics area and represents a major step forward in our strategy to focus on the hospital channel," chief executive officer of Cornerstone Craig Collard declared.

Previously, Cornerstone purchased speciality pharmaceutical firm Cardiokine, with the merger effective as of December 30th 2011.

Posted by Ron Maverick

Source: Cornerstone press release, May 14th

Gap News

March 2014

The Negotiation Roadshow 2014

Generating value through creative negotiation

Read more

July 2013

Trading Global: Negotiating in the Far East

The Gap Partnership are hosting a complimentary Lunch & Learn seminar in association with UK Trade & Investment

Read more

April 2013

GroceryAid Negotiation Event Raises £26,550

The Gap Partnership, in conjunction with Asda, SC Johnson and Waitrose, host one-day negotiation workshop

Read more

February 2013

Trading Global - Negotiating in the Far East

What is the impact of cultural differences on your negotiations?

Read more

December 2012

The Gap Partnership Release New Negotiation Video

The Nothing but Negotiation video series continues with collaborative negotiation

Read more