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Bayer AG bids on Schering AG
18 Jul 2006
Executive Summary
In a move to out-bid Merck KGAA, Bayer AG is proposing to pay about €16.3bn ($19.6bn) to acquire Schering AG, which supports the offer and is recommending it to its shareholders.
Deal Industry
- Pharmaceuticals
-
Pharmaceuticals
- Radiopharmaceuticals, Contrast Agents
Deal Status
- Final
Deal Type
-
Acquisition
- Full Acquisition
- Payment Includes Cash
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Bayer AG bids on Schering AG
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