GILEAD TO BUY CANADIAN CHEMICAL COMPANY

Gilead Sciences Inc. said Tuesday it will acquire Canadian subsidiary Raylo Chemicals Inc., along with most of the assets of the specialty chemicals company. Foster City-based pharmaceutical company Gilead will pay about $149.2 million to Germany-based Degussa AG, which owns Raylo.

San Jose/Silicon Valley Business Journal (http://washington.bizjournals.com/sanjose/stories/2006/06/05/daily16.html)