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10/26/2009 06:43:17 PM EST

EU approves Merck takeover of Schering-Plough

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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)

 
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