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EU Clears Merck & Co To Buy Schering-Plough

BRUSSELS -(Dow Jones)- The European Commission Friday cleared pharmaceuticals company Merck & Co. (MRK) to buy Schering-Plough Corp. (SGP). Merck is paying $41.1 billion in cash and stock for Schering. To avoid antitrust problems, Merck has sold its 50% stake in animal-health company Merial Limited to Sanofi-Aventis SA (SNY), its partner in the joint venture. -By Adam Cohen, Dow Jones Newswires; +322 741 1486; adam.cohen@dowjones.com

Stock News for Schering Plough (SGP)
DateTimeHeadline
11/03/200910:47:18Merck/Schering Cholesterol Drugs At Another Crossroads
11/02/200915:24:04FDA Says No To Application For Potential Lipitor/Zetia Combo
10/23/200904:20:25EU Clears Merck & Co To Buy Schering-Plough
10/22/200915:23:10US Drug Makers 3Q Helped By Cost Cuts, Major Product Sales
10/22/200910:23:05CORRECT: Schering-Plough 3Q Earnings Down 16% On Charges
10/22/200908:28:11Merck 3Q Net More Than Triples On Gain; Boosts View
10/22/200907:13:06Schering-Plough 3Q Earnings Down 16% On Charges

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