This blog involves the thoughts of two individuals collaborating online on a broad spectrum of business topics from around the world.

Wednesday, March 15, 2006

Merck's 18bn USD bid on Schering

The Offer: All cash bid @ 77 euros a share- 15% premium over Schering's current stock price. Not to sound bashy, but me thinks schering's just might wait a bit longer to get the market price up to renegotiate the deal -it already has started going up! [Link]

Update: Schering's board reject's bid.Apparently the price wasn't right!

posted by streetjab at 3:32 AM

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