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EnviroTech :: Biotech
Merck KGaA to Acquire Millipore for $7.2 Billion
7:05 AM MST | March 1, 2010 | Deepti Ramesh
Merck KGaA and life sciences company Millipore (Billerica, MA) say they have entered into a definitive agreement, under which Merck KGaA will acquire all outstanding shares of Millipore for $107/share in cash, or a total transaction value including net debt of about €5.3 billion ($7.2 billion). The transaction has been approved by the boards of both companies. Merck KGaA expects the acquisition to be completed in the second half of 2010. The Merck KGaA offer beat a rival bid from Thermo Fisher Scientific (Waltham, MA) to buy Millipore for about $6 billion...
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