Merck to Acquire Privately Held Antelliq Group
Merck & Company, Inc. (new) (MRK)
Last merck & company, inc. (new) earnings: 4/28 06:45 am
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Source: Business Wire
Establishes Merck Animal Health as a Leader in Emerging Digital Tracking, Traceability and Monitoring Technology Complements Merck Animal Health Portfolio of Vaccines and Pharmaceuticals KENILWORTH, N.J., & VITRÉ, France--(BUSINESS WIRE)-- Merck [NYSE:MRK], known as MSD outside the United States and Canada, and privately held Antelliq Group today announced 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. Antelliq is a leader in digital animal identification, traceabilit
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