FTC Issues 2nd Request In Merck-Schering Merger

Law360, New York (June 22, 2009, 12:00 AM EDT) -- The Federal Trade Commission is seeking additional information from Merck & Co. Inc. and Schering-Plough Corp. on their proposed $41.1 billion merger, the two companies said Monday.

The companies said they expected the second request as part of the regulatory process under the Hart-Scott-Rodino Antitrust Improvements Act and planned to cooperate fully with the FTC.

Regulators are seeking additional details about a so-called reverse merger the two pharmaceuticals giants announced March 9. Under the deal, Schering will be the surviving public corporation, but will take on...
To view the full article, register now.