Merck's $17B Takeover Of Sigma-Aldrich Gets EU's Final OK
By Dani Kass (November 12, 2015, 2:12 PM EST) -- The European Commission has granted its final approval of German drug and chemical company Merck KGaA's $17 billion takeover of Sigma-Aldrich Corp. after Sigma-Aldrich sold several of its assets last month, the companies announced Tuesday.
Merck announced its takeover of Sigma-Aldrich in September 2014 to expand its chemicals business and boost its lab equipment offerings. (Credit: AP) European regulators had granted preliminary approval of the purchase in June under the condition that Missouri-based Sigma-Aldrich sell its solvents and inorganics business, which it did in October to Honeywell International Inc. The completion of the deal is set to take place on Nov. 18,...
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