Latest Breaking News On - Chuck thornton - Page 1 : comparemela.com
billion. merck announced it is snapping up sigma aldrich and a $17 billion deal. 7.6 billion dollar acquisition. hans merck s deal helps it move away from developing pharmaceuticals why is that important? this is a company switching midstream. i haven t had a new drug approved since 2003, and merck is moving away from being a pharmaceutical company. of theirl get 60% revenues from the pharmaceutical side but they re moving more toward chemicals and plastic. that is what they get with sigma-aldrich. they make many of the chemicals that go into testing and drugs, they get a big footprint in the u.s. as well. the stock sits at a hundred $40 per share and it closed on friday at 100. that seems like a 40% rhenium. premium. in to thes this fit overall strategy? becomings is clearly an industrial giant and wants to be an oil-producing servicing company. they have been eyeing dresser er-rand for some time. i know you have reported extensively on it, it is a veritable revolution.
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