MKGAF
Merck KGaAOTCPK - Current
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  • Dec. 5, 2013, 7:21 AM
    • Germany's Merck KGaA (MKGAF) has agreed to acquire AZ Electronic Materials (AZECF), a U.K.-listed provider of specialty chemicals used in the production of microchips and flat-panel devices, for £1.6B ($2.6B).
    • Merck is offering 403.5 pence ($6.61) a share, a premium of 53% to AZ's closing price yesterday.
    • The deal will enable Merck to grow beyond liquid crystals for flat-screen displays.
    | Dec. 5, 2013, 7:21 AM
  • Nov. 14, 2013, 12:18 PM
    • "Considering its recent past, any progress would be an improvement," FierceBiotech's Damian Garde writes, referring to comments made by Merck KGaA (MKGAF) CEO Karl-Ludwig Kley which seem to indicate that the German drugmaker is open to acquisitions across its four business units.
    • "We have four sustainable business divisions that are set to grow organically, but for all four areas we have ideas for steps that go beyond that," Kley tells the media.
    • Garde notes that "repeated clinical failures" have left analysts jaded, but innovative ideas like development program cost-sharing could brighten the Erbitux maker's outlook even in the midst of "an R&D diet."
    • See also: German Merck lifts guidance.
    | Nov. 14, 2013, 12:18 PM