Merck to Acquire Animal Tracking and Monitoring Company

Discussion in 'Pharma/Biotech Companies - In the News' started by cafead, Dec 14, 2018 at 1:13 PM.

  1. #1 cafead, Dec 14, 2018 at 1:13 PM
    cafead

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    via Merck [NYSE:MRK] and privately held Antelliq Group announced on 12/14/18 that the companies have signed a definitive agreement under which Merck will acquire Antelliq from funds advised by BC Partners. Antelliq will be a wholly owned and separately operated subsidiary within the Merck Animal Health Division. Merck will make a cash payment of approximately 2.1 billion euros to acquire all outstanding shares of Antelliq and will assume Antelliq’s debt of 1.15 billion euros, which it intends to repay shortly after the closing of the acquisition.

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