Merck KGaA acquire Sigma-Aldrich $17 billion

Merck KGaA to acquire Sigma-Aldrich for $17 billion

12:23 PM, 23rd September 2014
Merck KGaA to acquire Sigma-Aldrich for $17 billion

DARMSTADT, GERMANY: Merck KGaA agreed to buy Sigma-Aldrich Corp for $17 billion in cash to expand in chemicals used in research labs and pharmaceutical manufacturing and reduce its dependence on drug development. Merck will pay $140 a share, 37 per cent more than Sigma-Aldrich’s closing price on 19 September 2014, the company said in a statement. The purchase will accelerate Merck’s shift away from developing pharmaceuticals at a time when its Serono biotechnology business has struggled to create new products.

© Bloomberg News  



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