Wednesday, March 11, 2009

Merck to acquire Schering-Plough for $41.1 bn

US-based Merck & Co, Inc has decided to acquire and merge Schering-Plough Corporation in a stock and cash transaction for total consideration of $41.1 billion. The transaction will be structured as a 'reverse merger' in which Schering-Plough, renamed Merck, will continue as the surviving public corporation.

The details can be read here.

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