Breaking News From Pharma & Bio Ingredients
European Antitrust Authorities Clear Acquisition of Serono
Posted on 2006-12-18 10:00:00
The European Commission has approved the planned acquisition of Serono SA by Merck KGaA without any restrictions. The transaction already received U.S. antitrust approval on October 30, 2006.
Following the closing of the agreement with the Bertarelli family, which remains planned for early January 2007, Merck will make a public tender offer under Swiss law to the shareholders of Serono for Sfr 1,100 per share.
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