EU Clears Merck & Co To Buy Schering-Plough

Date : 10/23/2009 @ 4:20AM
Source : Dow Jones News
Stock : Schering-Plough Corp. (SGP)
Quote : 28.15  0.0 (0.00%) @ 2:05AM

EU Clears Merck & Co To Buy Schering-Plough

Merck (NYSE:MRK)
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The European Commission Friday cleared pharmaceuticals company Merck & Co. (MRK) to buy Schering-Plough Corp. (SGP).

Merck is paying $41.1 billion in cash and stock for Schering.

To avoid antitrust problems, Merck has sold its 50% stake in animal-health company Merial Limited to Sanofi-Aventis SA (SNY), its partner in the joint venture.

-By Adam Cohen, Dow Jones Newswires; +322 741 1486; adam.cohen@dowjones.com

 
 



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