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Akzo Closes on OBS Deal With Schering-Plough

9:15 AM MST | November 19, 2007 | Kerri Walsh

Akzo Nobel says it has closed on the sale of its Organon BioSciences pharmaceuticals activities to Schering-Plough for €11 billion ($16.1 billion). Akzo says it will use proceeds from the deal to pay for its planned £8.1-billion ($16.6 billion) purchase of ICI. That deal is scheduled to close on January 2...

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