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MRK Merck KGAA

152.15
1.50 (1.00%)
03 May 2024 - Closed
Realtime Data
Share Name Share Symbol Market Type
Merck KGAA TG:MRK Tradegate Ordinary Share
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  1.50 1.00% 152.15 151.40 152.90 154.50 150.15 150.95 6,028 22:50:02

Priceline.com To Replace Schering-Plough In S&P 500 Index

29/10/2009 10:11pm

Dow Jones News


Merck KGAA (TG:MRK)
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   DOW JONES NEWSWIRES 
 

Standard & Poor's said online travel agent Priceline.com Inc. (PCLN) will replace Schering-Plough Corp. (SGP) in the S&P 500 index once that pharmaceutical company is being acquired by rival Merck & Co. Inc. (MRK).

Standard & Poor's didn't disclose when the changes would occur, as Schering-Plough's deal with Merck is pending final approval.

Earlier Thursday, the Federal Trade Commission cleared Merck's $41 billion acquisition of Schering-Plough.

The index recently lost another drug maker when Wyeth (WYE) was replaced by thin-film solar panel maker First Solar Inc. (FSLR) because of Wyeth's acquisition by larger rival Pfizer Inc. (PFE).

Priceline shares were up 4.5% to $170 in after-hours trading. The stock has pulled back from its 52-week high hit Monday but remains up nearly quadruple over the past year.

-By Kathy Shwiff, Dow Jones Newswires; 212-416-2357; Kathy.Shwiff@dowjones.com

 
 

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