Morning Minutes: Sigma-Aldrich acquired, State ponders e-cigarettes

Aqueous Vapor offers samples of flavored e-cigarette fluids. | Fred Broschart/ Missouri Business Alert
Aqueous Vapor offers samples of flavored e-cigarette fluids. | Fred Broschart/ Missouri Business Alert

Here are today’s top business headlines from across Missouri:

Sigma-Aldrich sold for $17 billion

Merck KGaA, a German pharmaceutical and chemical company, has agreed to acquire Sigma-Aldrich, a life science and technology company based in St. Louis, for $17 billion in cash.

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AMC to upgrade more movie theaters

AMC Entertainment Holdings Inc., based in Leawood, Kan., said it will spend $39 million more than initially planned on its “customer experience initiatives” at movie theaters — more reclining seats, bars and Imax screens — after better-than-expected operating results at previously remodeled theaters.

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St. Louis housing market stagnated this summer

The spring and summer selling season in the St. Louis metro area ended up as an extension of the story agents have been telling since last fall: Sales are down. Prices are generally up a little, although that trend varies widely by the neighborhood. The number of homes for sale is down sharply.

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Missouri considers e-cigarette regulations

State officials in Missouri are considering how to regulate electronic cigarettes ahead of the Food and Drug Administration’s guidelines, which are still in the review period. Missouri became the first state to forbid taxing e-cigarettes as it does tobacco products when the General Assembly voted this month to override Gov. Jay Nixon’s veto of the legislation.

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Construction on upswing in Springfield area

More than 115 projects valued at more than $388 million were reported for the next year through the second annual Regional Bidding Forecast presented in Springfield. With a reduced construction workforce after many left the industry during the recession, it’s important to forecast projects and for developers and builders to communicate, a Springfield Area Chamber of Commerce official said.

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