Sunday, February 28, 2010

Merck KGaA Takes Out Millipore

Who would have thought that Merck KGaA, the German pharma and chemicals company, would be the winning bidder for Millipore (Ticker: MIL)? I sure didn’t… Everyone on this planet thought that Thermo Fisher (Ticker: TMO) would be the winning bidder. Bloomberg is reporting the following: “Feb. 28 (Bloomberg) -- Merck KGaA said it has entered a definitive agreement to buy all the outstanding shares in Millipore Corp. for $107 a share in cash, valuing the deal at about $7.2 billion.” So I’m looking at a nice 18.98% gain in my Millipore position. It’s a relatively small position, but I’m not complaining at all…


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