Originally published November 3, 2009 at 8:51 AM | Page modified November 3, 2009 at 9:26 AM
Comments (0)
E-mail article
Print
Share
Merck to complete $41B purchase of Schering-Plough
Merck & Co. is set to complete its $41 billion acquisition of Schering-Plough Corp. later Tuesday, creating the world's second-largest drugmaker, behind Pfizer Inc.
The Associated Press
Merck & Co. is set to complete its $41 billion acquisition of Schering-Plough Corp. later Tuesday, creating the world's second-largest drugmaker, behind Pfizer Inc.
The companies expect the deal will close after the end of market trading Tuesday.
The completion comes after the U.S. Federal Trade Commission approved the deal Thursday. Regulators in Europe and elsewhere, and shareholders of both companies, have already approved it.
The two companies have been jointly selling the cholesterol drugs Vytorin and Zetia for years.
The deal adds allergy drugs Nasonex and Clarinex to Merck's Singulair and its diabetes pill Januvia. It also gives Merck animal and consumer health products, and a promising biotech division.
(CORRECTS to say deal will close later Tuesday.)
UPDATE - 09:46 AM
Exxon Mobil wins ruling in Alaska oil spill case
UPDATE - 09:32 AM
Bank stocks push indexes higher; oil prices dip
UPDATE - 08:04 AM
Ford CEO Mulally gets $56.5M in stock award
UPDATE - 07:54 AM
Underwater mortgages rise as home prices fall
NEW - 09:43 AM
Warner Bros. to offer movie rentals on Facebook
More Business & Technology headlines...
911 audio: Caseworker reports Josh Powell has locked children inside his home
911 audio: Caseworker reports Josh Powell's house on fire with children inside
911 audio: Sister of Josh Powell reports disturbing emails
Chuck Cox reacts to Powell home fire, death of his grandsons
Sheriff's update: Josh Powell spread gasoline in home fire, sent goodbye emails
Don Bateman, inventor of Ground Proximity Warning System
Pierce County sheriff reacts to Powell home fire
Price of Protection: A victim speaks out
Price of Protection: Inside the Special Commitment Center
Entertainment | Top Video | World | Offbeat Video | Sci-Tech
Open Houses
|
Find all open houses.
|
nwautos
Turismo upgrade "Gran Turismo 5: XL Edition" for PlayStation 3 has features such as new car-tuning settings, new NASCAR vehicles, better replay video...
Post a comment
- Lakewood cop accused of embezzling $150K meant for slain officers' families
- 3 big health insurers stockpile $2.4 billion as rates keep rising
- Social worker recounts minutes before Powell fire
- Agency set to investigate handling of 911 call about Josh Powell
- Quick decisions: How Washington hired its new football staff
- Council members get briefing on arena proposal, minus details
- Historic day for gay marriage as another fight looms
- Justin Wilcox's versatile defensive style is the right fit for Huskies | Jerry Brewer
- It's Terrence Time: Enigmatic Ross leads Huskies
- Washington men walloped by Oregon, 82-57
- Gay-marriage bill passes House, awaits Gregoire's signature 506
- Wanted in Seattle classrooms: more teachers of color 404
- AP Source: Obama to change birth control rule 364
- Council members get briefing on arena proposal, minus details 362
- Oregon live game thread 155
- Worker: Josh Powell told son he had 'surprise' 114
- Rough road again 108
- A few late-night notes 96
- USA Today further spells out how Mariners, handful of clubs next in line for huge cash windfall 76
- Marijuana legalization initiative set to go on Nov. ballot 74
- Wanted in Seattle classrooms: more teachers of color
- State Medicaid program to stop paying for unneeded ER visits
- 3 big health insurers stockpile $2.4 billion as rates keep rising
- Economy, blogs give survivalists new reason to look to Northwest
- State's share of mortgage settlement: $648 million
- Bellevue College adds a third bachelor's degree program
- Darren Berg gets 18-year sentence for Ponzi scheme
- One man's audacious pursuit of sailing history
- $25B settlement reached over foreclosure abuses
- 'Gauguin and Polynesia': dazzling mix-and-match | Art review
