TITLE

Merck, Schering-Plough to Merge

AUTHOR(S)
Marino, Jonathan
PUB. DATE
March 2009
SOURCE
Mergers & Acquisitions Report;3/16/2009, Vol. 22 Issue 11, p17
SOURCE TYPE
Periodical
DOC. TYPE
Article
ABSTRACT
The article reports on the merger of New Jersey-based pharmaceutical companies Merck and Schering-Plough in a cash and stock deal. The deal entails the payment of 10.50 dollars plus a half share of stock from Schering-Plough to Merck. The cash portion of the transaction consists of 9.8 billion dollars in cash plus 8.5 billion dollars in debt, with JP Morgan providing financing for the deal.
ACCESSION #
44127980

 

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