SOURCE: Industrial Info Resources

Industrial Info Resources

March 02, 2010 05:15 ET

Merck Trumps Thermo Fisher With $7.2 Billion Buyout of Millipore

SUGAR LAND, TX--(Marketwire - March 2, 2010) - Reported by Annette Kreuger, Industrial Info Resources (Sugar Land, Texas) -- German drugmaker Merck KGaA (ETR:MRK) has entered into a $7.2 billion agreement to purchase Millipore (NYSE:MIL), a biotech laboratory equipment and materials company based in Billerica, Massachusetts. While not on the same scale of Merck's $41 billion acquisition of Schering-Plough in 2009, the deal nevertheless topped rival bidder Thermo Fisher Scientific's (NYSE:TMO) (Waltham, Massachusetts) offer of roughly $6 billion cash for Millipore, excluding debt.

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