10/26/2009 06:43:17 PM EST
EU approves Merck takeover of Schering-Plough
BRUSSELS – (AP) The European Union approved Merck & Co.'s proposed takeover of Schering-Plough, which would create the second-biggest global producer of prescription medicines.
The EU's antitrust authorities said in a statement Friday that the "transaction would not significantly impede effective competition" in Europe.
The $41.1 billion acquisition of smaller Schering-Plough Corp. … Full version (available to lexis.com subscribers)