Volume 95 Issue 29 | p. 14 | News of The Week
Issue Date: July 17, 2017

Merck KGaA charged with breaching merger rules

European Commission says 2015 acquisition of Sigma-Aldrich was tainted by incomplete information
Department: Business
Keywords: Regulation, mergers & acquisitions, laboratory chemicals

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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