TITLE

Merck's Fix: Schering-Plough for $41B

AUTHOR(S)
Martin, Scott
PUB. DATE
March 2009
SOURCE
Red Herring;3/9/2009, p1
SOURCE TYPE
Trade Publication
DOC. TYPE
Article
ABSTRACT
The article reports on the decision of pharmaceutical firm Merck to acquire Schering-Plough for $41 billion. The deal would benefit Merck as it promises to expand its position in the market. The deal, a $23.61 per share cash-and-stock transaction, was approved by Merck's board of directors at a 34% premium over Schering-Plough's stock price.
ACCESSION #
36962010

 

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