Wyeth announces sale of Georgia plant

first_imgWyeth Announces the Sale of its Georgia, VermontManufacturing Facility to Affiliate of PBM ProductsMadison, N.J., November 4, 2004 – Wyeth (NYSE:WYE) has announced that a definitive agreement has been signed with an affiliate of PBM Products Inc. for the sale of its Georgia, Vermont, infant nutrition manufacturing facility.Under the terms of the purchase agreement, which is subject to customary conditions to closing, including certain regulatory approvals, Wyeth will receive an undisclosed amount in cash at closing in exchange for the manufacturing facility.The buyer is expected to retain employees currently working at the site.Wyeth is one of the world’s largest research-driven pharmaceuticaland health care products companies. It is a leader in the discovery, development, manufacturing, and marketing of pharmaceuticals, vaccines, biotechnology products and non-prescription medicines that improve the quality of life for people worldwide.The Company’s major divisions include Wyeth Pharmaceuticals, Wyeth Consumer Healthcare and Fort Dodge Animal Health.###last_img read more

Vermont Yankee automatically shutdown

first_imgThe Vermont Yankee nuclear power station automatically shut down yesterday at approximately 3:25 pm.  The plant was at 70 percent of its normal output after restarting from its refueling and maintenance outage. Plant systems responded safely as designed. Plant technicians are investigating the cause of the shutdown. Initial indications are that the shutdown was caused by a problem 345KV switchyard located outside the plant. There has been no release of radiation. The plant will be restart after the problem has been identified and repairs have been completed. Source: Vermont Yankee. 5.26.2010last_img read more