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German Merck to buy St. Louis-based Sigma-Aldrich

2014-09-22 14:32:56| Chemicals - Topix.net

German drug company Merck says it has agreed to buy St. Louis-based chemical firm Sigma-Aldrich Corp. for $17 billion in a deal Merck says will strengthen its business in chemicals and laboratory equipment. Darmstadt-based Merck KGaA said Monday it is paying $140 per share in cash for all of Sigma-Aldrich's shares a premium of 37 percent over Friday's closing price of $102.37.

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