Sanofi-aventis acquires Merck's interest in Merial Ltd.
Whitehouse Station, N.J. -- Global pharmaceutical company Sanofi-aventis is now sole owner of Merial Ltd. after purchasing Merck & Co.?s remaining 50 percent interest for $4 billion.
Whitehouse Station, N.J.
-- Global pharmaceutical company Sanofi-aventis is now sole owner of Merial Ltd. after purchasing Merck & Co.'s remaining 50 percent interest for $4 billion.
Richard Clark, Sanofi-aventis president and CEO, said the deal allows the ongoing merger between Merck and Intervet/Schering-Plough Animal Health to stay on track.
If Merck and Shering-Plough merge, Sanofi-aventis has the option to combine Merial with the newly merged company under a joint venture. Such a deal would still be subject to approval by international antitrust authorities.
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