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News Watch
- 11/3/2009 12:45:06 PM
By Chip Brian, SmarTrend Analytics Team
11/3/2009 - Merck & Co. (NYSE:MRK) is set to complete the $41 billion acquisition of Schering-Plough Corp. (NYSE:SGP) later Tuesday. The acquisition will create the second-largest drugmaker, behind Pfizer (NYSE:PFE). The deal is expected to close after the end of trading day Tuesday. The completion comes after the FTC approved the deal on Thursday, after the companies received approval from the EU and shareholders. The companies have been jointly selling the cholesterol drugs Vytorin and Zetia for years.
Contact Chip Brian
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