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Merck Announces $5 Billion Accelerated Share Repurchase

2013-05-21 23:00:00| Merck.com - Corporate News

Dateline City:  WHITEHOUSE STATION, N.J. WHITEHOUSE STATION, N.J.--(BUSINESS WIRE)--Merck (NYSE: MRK), known as MSD outside the United States and Canada, today announced that it has entered into an accelerated share repurchase agreement (ASR) with Goldman, Sachs & Co. to repurchase $5 billion of Mercks common stock. Proceeds from the companys recently concluded debt offering were used to execute the ASR, which is part of Mercks previously announced $15 billion share repurchase program. Language:  English Contact HTML:  MerckMedia Contact:Steven Cragle, 908-423-3461orInvestor Contact:Carol Ferguson, 908-423-5185 Ticker Slug:  Ticker: MRK Exchange: NYSE read more

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Category:Biotechnology and Pharmaceuticals

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