Merck to acquire Schering-Plough

AuntMinnie.com staff writers
Mar 8, 2009

Pharmaceutical firm Merck of Whitehouse Station, NJ, has agreed to acquire rival Schering-Plough of Knilworth, NJ, for $41.1 billion.

Schering-Plough shareholders would receive 0.5767 share of Merck and $10.50 in cash for each Schering-Plough share.

The new entity would continue with the Merck name and Merck Chief Executive Richard Clark would head the new company.

The deal is expected to close in the fourth quarter.

Related Reading

ev3 posts mixed Q2 results, halts Merck deal, July 29, 2008

GE signs molecular pact with Merck, May 5, 2008


Bayer Schering, Epix to end Vasovist partnership, September 4, 2008

VisEn, Merck to develop molecular imaging agents, March 6, 2007

Copyright © 2009 AuntMinnie.com

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