Church & Dwight, the maker of Arm & Hammer toothpaste and Trojan condoms, said on Monday it will buy privately held Water Pik Inc. for about $1 billion in cash. Fort Collins, Colo.-based Water Pik makes items in the oral health space including flossers and electric toothbrushes, as well as shower heads. Its namesake product,...
NYS Entity Status
NYS Filing Date
MARCH 07, 2013
NYS DOS ID#
NYS Entity Type
DOMESTIC BUSINESS CORPORATION
2013 - HAMMER IMPROVEMENTS INC.
AROUND THE WEB
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Veeva Systems Inc., a target of lawsuits over hiring away employees from rivals in life sciences cloud computing, is now trying to turn the tables.In announcing its suit against three companies that have sought court orders to block ex-employees from joining Veeva or allegedly threatened litigation — Medidata Solutions Inc., Quintiles IMS Inc. and Sparta Systems Inc. — Veeva said it’s taking a stand to end a practice it views as anticompetitive.“Employees should have the right to move freely between jobs, advance their careers and improve their lives without fear of being sued by their former employers,” Veeva CEO Peter Gassner said in a statement.Medidata, based in New York City, said it supports and respects the rights of workers to build their careers, but it sued Veeva in January over the defection of five employees, challenging the Pleasanton company’s “illegal targeting and unfair use of our trade secrets.”Typically, a noncompete agreement — which many job candidates in the tech world have to sign as a condition of employment — bars them from working on rival products for a set period of time, say a year, after leaving their current employer.Supporters say they help protect trade secrets and other confidential information and prevent rapid turnover at companies that have made big investments to train employees.