Issue Date: July 17, 2017
Merck KGaA charged with breaching merger rules
European antitrust regulators have charged Merck KGaA with holding back important information before completing its late-2015 acquisition of lab chemicals maker Sigma-Aldrich for $17 billion.
The lapse won’t scuttle the two-year-old deal that formed the research chemicals powerhouse MilliporeSigma, but it could result in a fine of up to $165 million, equal to 1% of Merck’s annual revenues.
In applying for approval of their merger, Merck and Sigma-Aldrich didn’t reveal . . .
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