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Merck Announces Sale of Consumer Care Business to Bayer AG for $14.2 Billion

2014-05-06 12:00:00| Merck.com - Financial News

Dateline City: BOSTON Enters into Worldwide Collaboration with Bayer to Market and Develop Novel Therapies for Cardiovascular Disease Collaboration Includes a $1 Billion Up-front Payment by Merck to Bayer BOSTON--(BUSINESS WIRE)--Merck (NYSE:MRK), known as MSD outside the United States and Canada, today announced that it has entered into a definitive agreement to sell its Merck Consumer Care (MCC) business to Bayer AG (BAYRY) for $14.2 billion. Under the terms of the agreement, Bayer AG will acquire Mercks existing OTC business, including the global trademark and prescription rights for Claritin and Afrin. Language: English Contact: MerckMedia:Steve Cragle, 908-423-3461Pam Eisele, 267-305-3558orInvestors:Joe Romanelli, 908-423-5185Carol Ferguson, 908-423-4465 Ticker Slug: Ticker: MRK Exchange: NYSE read more

Tags: business care sale consumer

Bayer to Expand Production Capacity of Hydrochloric Acid for TDI at its Dormagen Plant

2014-05-06 07:00:00| Coatings World Breaking News

Tags: production expand capacity plant

Bayer Said to Be in Exclusive Talks for Merck Consumer Unit

2014-05-02 14:09:30| Biotech - Topix.net

Bayer AG is in exclusive talks to acquire Merck & Co.' s consumer business and is prepared to pay about $14 billion for the division, people with knowledge of the matter said.

Tags: unit consumer exclusive talks

Bayer Said to Be in Exclusive Talks for Merck Consumer Unit

2014-05-02 12:26:31| Chemicals - Topix.net

Bayer AG is in exclusive talks to acquire Merck & Co.' s consumer business and is prepared to pay about $14 billion for the division, people with knowledge of the matter said.

Tags: unit consumer exclusive talks