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As expected, Sanofi-Aventis (NASDAQ:SNY) agrees to buy Merck's (NYSE:MRK) half of their Merial...

Jul. 30, 2009 7:32 AM ETSanofi (SNY) StockMRK, SNY, SGPBy: Rachael Granby, SA News Editor
As expected, Sanofi-Aventis (NASDAQ:SNY) agrees to buy Merck's (NYSE:MRK) half of their Merial animal-health JV for $4B in cash. The deal should help Merck allay antitrust concerns over its proposed purchase of Schering-Plough (SGP).

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