je.st
news
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