|
|
Article: Competition Bureau Resolves Issues in Merger of Merck and Schering-Plough.
- Article from:
- Marketwire Canada
- Article date:
- October 29, 2009
CopyrightCOPYRIGHT 2009 Canadian Corporate News. News Provided by Comtex. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
|
OTTAWA, ONTARIO, Oct 29, 2009 (Marketwire via COMTEX) -- The Competition Bureau announced today that it has reached an agreement with Merck & Co., Inc. and Schering-Plough Corporation to resolve competition concerns with respect to their proposed merger.
This agreement follows a detailed review of the proposed transaction, during which the Bureau concluded that the merger would likely lead to a substantial lessening or prevention of competition in the supply of certain human and animal health products.
Under the terms of a Consent Agreement with the companies, Merck and Schering-Plough will divest to OPKO Health, Inc., a human health product currently in ...