Don’t Be Fooled By These Companies, They Were Not Owned By Americans Anymore

Published on 10/27/2021
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Alka-Seltzer

Alka-Seltzer is one of the world’s oldest branded medicines. In 1931, the Dr. Miles Medicine Company, now known as Miles Laboratories, began selling this pain reliever and antacid drink. In 1978, a German corporation named Bayer purchased it after it had been in American hands for a long time. Bayer has a reputation for mixing it up with the world’s most powerful pharmaceutical businesses. It even formed a contract with GlaxoSmithKline in 2004 to collaborate on a combined campaign using the “Strike Up A Conversation” tag line to boost Levitra sales.

Alka Seltzer

Alka-Seltzer

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The Chrysler Building

When The Wall Street Journal reported on the sale of the Chrysler Building in 2019, many people were taken aback. After all, it was one of the most recognizable towers in the New York skyline. But the truth is that it hasn’t been in the hands of an American in a long time. The Abu Dhabi Investment Council purchased the majority of the company for $800 million in 2008. A decade later, it was purchased for more than $150 million by SIGNA, an Austrian corporation. When the news broke, it was viewed as a massive loss that made headlines in a variety of financial publications throughout the world.

The Chrysler Building

The Chrysler Building

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