Companies & Sectors
Taro board rejects Sun Pharma’s offer for complete acquisition

Sun Pharma had proposed to fully acquire Taro with an offer to purchase all the outstanding shares of the Israeli firm at $24.50 per share

 
Israel-based Taro Pharmaceutical Industries said a special committee of its board has rejected an offer from Sun Pharmaceutical Industries to purchase its issued and outstanding shares not held by the Indian pharma firm due to inadequate price, reports PTI.
 
“The Special Committee of the Board of Directors unanimously rejected the 18 October 2011 unsolicited, non-binding offer from Sun Pharmaceutical Industries to purchase all of the issued and outstanding shares of Taro not currently held by Sun Pharma for $24.50 per share as inadequate and not in the best interests of Taro’s minority shareholders,” Taro Pharmaceutical Industries said in a statement on its website.
 
When contacted, a Sun Pharma spokesperson said that the company would not like to offer any comment.
 
Sun Pharma had proposed to fully acquire Taro with an offer to purchase all the outstanding shares of the Israeli firm that would have entailed an outgo of $367.5 million (over Rs1,810 crore).
 
Sun Pharma, which holds 66.5% stake in Taro, had said it was proposing to acquire 15 million outstanding shares at a price of $24.50 per share.
 
Sun Pharma had acquired a controlling stake in Taro in September 2010.

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Should you buy generic products or national brands?

The strategy is to experiment and try. When choosing generic products, customers should try to eliminate their prejudices and give the non-branded item a fair shake


A recently published Consumer Affairs story (http://www.consumeraffairs.com/news04/2012/07/whats-the-real-deal-behind-generic-products.html) has revealed that consumers are generally confused and unable to spot the difference between a generic, private label and national brand. If at all, most tend to choose national brands over generic ones because of the familiarity and brand recall. But are national brands better than generic and local brands?
 
“Branded manufacturers often do not produce a true match to their own brand, while private label manufacturers work hard to match national brand quality where applicable,” quoted Bert Edwards, who according to Consumer Affairs, has been in the private label industry for nearly 30 years. At this juncture, consumers might ask, “What is a private label brand?”
 
A private label brand is a generic product having the manufacturer’s own label. For instance, in your local mom & pop store, you might see an atta or dhal branded with its own label. Therefore, it is nothing but a generic knock up, with better packaging and quality assurance. This is different from the national brand like Aashirvaad Atta that is found almost on all stores. Whereas private labels are found only on stores that market their own labels.
 
Earlier, generic products used to be all about the cost and not quality. The idea was to sell it at the lowest cost possible, wherein the same product bought one day would be good and terrible the next day. This is much like the vegetable market, where you will need to inspect each and every piece of the product, which maybe good or bad. “For years many retailers simply offered ‘generic’ products—they often looked for the lowest price, and quality did not really factor in,” says Edwards in the Consumer Affairs piece.
 
However, this soon began to change as consumers grew health conscious and started focussing on quality rather than just the product. This prompted generic manufacturers to step up the plate and produce good quality items. The branding on their part is the marketing effort to be able to sell the generic brand. 
 
So should consumers go for national branded items, private labels or stick to plain generics? The strategy that Consumer Affairs advises is to shop around the same way you shop around for national brands—experiment and try. They advise that consumers should also remember to use the same shopping logic when looking for private labels as when looking for national brands.
 
Sometimes the ambiance can be an indicator of the product in store. “In addition, shoppers should use the overall appearance and level of quality in other store areas to give a better indication on the quality of its private label items,” says Consumer Affairs. In other words, if the products are not looking good and are spoilt, then it is an indication that other products will also be bad. 
 
Sometimes, even places like the vegetable market, where non-branded items are found, can be good. Edwards says, “When choosing a private label item, customers should try to eliminate their prejudices and give the non-branded item a fair shake. “
 
The piece concludes with Edwards stating, “The bottomline is, with the quality of private label products available at many retailers, you should be buying private label products because it saves you money on products you like, not because you are settling on those products to save money.” 
 
(Courtesy: ConsumerAffairs.com/ Daryl Nelson)

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COMMENTS

Sunil Goswami

6 months ago

I have read this above post its very greatful for me thanks sharing this post ,great post.thanks to holder of this site getting more know your pan card is easy to me

anantha ramdas

5 years ago

As a high BP patient, for long, I have been using Plendl; couple of months ago, the big blue chip company stopped the supplies of 2.5mg and a month later totally it went off the market from where I had bought some 5mg.

Then I went back to my doctor and he recommended a generic substitute which combined both Plendl and Tenormin, which I am now using and keeping close check on the pressure. Of course, keeping a greater control on the intake of salt.

Generic medicines, in due course, will ensure that branded products will start facing stiff competition and prices will be reduced to reasonable levels.

Rajkumar Singh

5 years ago

Tiharwale accepts that the only difference a customer experiences while Banking at ICICI and Andhra Bank, is the service (attitude) of the staff". And what I said, "The bottomline should have been, if the buyers want to have their controls over the quality as well as price of any commodity, they should encourage or rather prefer private label products to national products, IF available at the retailers", HERE available also means - attitude and service of the staff, which is the main cause of concern and lagging at the nationalised banks for being a government servant!

TIHARwale

5 years ago

"you should be buying private label products because it saves you money on products you like, not because you are settling on those products to save money.” rightly said. as a former banker i have seen that good number of customers go for brand name even as products ( with exactly same features are available at a lower cost in a particular bank when same product is tagged with a higher cost at another bank. the most common case is credit / debit cards offered by Bank be it VISA/Master. not many understand irrespective of card issuing bank the transaction is routed thro VISA/Master card server so processing efficiency remains the same. Similarly the core banking software running in more than 50% of leading banks in India is Infosys owned Finacle. So the only difference customer experiences while Banking at ICICI and Andhra Bank is due to staff knowledge and attitude as the the software at the disposal of staff in both the Bank,s is the same where as Andhra Bank offers the facility to customer the same facility at a cheaper price compared to ICICI.

Rajkumar Singh

5 years ago

The bottomline should have been, if the buyers want to have their controls over the quality as well as price of any commodity, they should encourage or rather prefer private label products to national products, IF available at the retailers.

If you like it, do comment on it, but do not delete it.

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