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Home » GERMANY'S MERCK TO BUY SERONO
GERMANY'S MERCK TO BUY SERONO
German drugmaker Merck KGaA on Thursday agreed to buy Serono SA for $13.3 billion, just five months after Europe's largest biotechnology company took down the for-sale sign. Merck said it has agreed to buy the Bertarelli family's 64.5% stake in Serono for 1,100 Swiss francs per Zurich-listed share ($21.98 per U.S.-listed share) and will launch a public offer for the outstanding shares at the same price.
Market Watch (http://www.marketwatch.com/News/Story/Story.aspx?guid=%7B3CF76910-6992-412D-A095-C76323764809%7D&siteid=google&dist=)
KEYWORDS FDAnews Drug Daily Bulletin
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