Home Merck Announces $5 Billion Accelerated Share Repurchase
 

Keywords :   


Merck Announces $5 Billion Accelerated Share Repurchase

2013-05-21 23:00:00| Merck.com - Corporate News

Dateline City:  WHITEHOUSE STATION, N.J. WHITEHOUSE STATION, N.J.--(BUSINESS WIRE)--Merck (NYSE: MRK), known as MSD outside the United States and Canada, today announced that it has entered into an accelerated share repurchase agreement (ASR) with Goldman, Sachs & Co. to repurchase $5 billion of Mercks common stock. Proceeds from the companys recently concluded debt offering were used to execute the ASR, which is part of Mercks previously announced $15 billion share repurchase program. Language:  English Contact HTML:  MerckMedia Contact:Steven Cragle, 908-423-3461orInvestor Contact:Carol Ferguson, 908-423-5185 Ticker Slug:  Ticker: MRK Exchange: NYSE read more

Tags: share billion announces accelerated

Category:Biotechnology and Pharmaceuticals

Latest from this category

All news

»
28.11SCR
28.1146
28.11BOSS OD-2 TURBO Over Drive
28.11/ Pulling the Plug
28.11
28.1110
28.112.5 120
28.11MSV-R
More »