Fears for 16,000 jobs as groups set to merge

Pharmaceuticals group Merck today announced a $41.1bn (€32.5bn) takeover of Schering-Plough in a deal creating a new global drugs giant.

Mon, 09 Mar, 2009 - 15:09

Pharmaceuticals group Merck today announced a $41.1bn (€32.5bn) takeover of Schering-Plough in a deal creating a new global drugs giant.

The two US groups are expected to join forces later this year, bringing together the makers of blockbuster treatments including cholesterol drugs Zetia and Vytorin.

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