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SGP Saint Gobain Bonds Stgobaintp83t1

120.00
0.00 (0.00%)
23 May 2024 - Closed
Delayed by 15 minutes
Name Symbol Market Type
Saint Gobain Bonds Stgobaintp83t1 EU:SGP Euronext Bond
  Price Change % Change Price Bid Price Offer Price High Price Low Price Open Price Traded Last Trade
  0.00 0.00% 120.00 114.00 120.00 0 01:00:00

US FTC Clears Merck-Schering Deal, With Conditions

29/10/2009 8:43pm

Dow Jones News


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The U.S. Federal Trade Commission on Thursday cleared Merck & Co.'s (MRK) $41 billion acquisition of Schering-Plough Corp. (SGP), but required the companies to divest assets as a condition of government approval.

Under the terms of an agreement with the FTC, Merck must sell its interest in Merial Ltd., an animal health joint venture with Sanofi-Aventis SA (SNY, SAN.FR), while Schering-Plough must sell assets in nausea drugs for humans.

The asset sales for nausea drugs were necessary to alleviate competitive concerns regarding human drugs known as NK 1 receptor antagonists, the FTC said.

The drug makers reached their deal in March.

-By Brent Kendall, Dow Jones Newswires; 202-862-9222; brent.kendall@dowjones.com

 
 

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