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Chemical Week Magazine :: Pharmaceuticals & Fine Chemicals
Merck & Co. to Acquire Schering-Plough for $41 Billion
11:26 PM MDT | March 22, 2009 | DEEPTI RAMESH
Merck & Co (Whitehouse Station, NJ) has agreed to acquire Schering-Plough (Kenilworth, NJ) for about $41.1 billion in stock and cash. The deal, which is expected to be completed in the fourth quarter, will create a mega-pharma company with combined sales of $47 billion. The agreement calls for Schering-Plough shareholders to receive 0.5767 shares and $10.50 in cash for each of their Schering-Plough shares; each Merck share will automatically become a share of the combined company. “The combined company will benefit from a formidable research and...
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