Business, 03.04.2020 18:59 ambermcghee

Fizer Pharmaceutical paid $85 million on January 2, 2021, for 5 million shares of Carne Cosmetics common stock. The investment represents a 20% interest in the net assets of Carne and gave Fizer the ability to exercise significant influence over Carne’s operations. Fizer received dividends of $3 per share on December 21, 2021, and Carne reported net income of $35 million for the year ended December 31, 2021. The fair value of Carne’s common stock at December 31, 2021, was $35.50 per share.

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