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Merck KGAA has agreed to acquire Geneva-based biotech Serono SA in a deal valued at CHF16.6bn ($12.9bn). Merck will initially buy out majority shareholders the Bertarelli family, which accounts for a 64.5% stake in Serono; the company plans to continue with a public tender offer in 2007 to acquire the remaining shares.
Deal Industry
Biotechnology
Pharmaceuticals
Deal Status
Final
Deal Type
Acquisition
Full Acquisition
Payment Includes Cash
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