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Merck says completes squeeze-out at Merck-Serono

Fri Jul 6, 2007 4:44am EDT

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FRANKFURT, July 6 (Reuters) - German drugs and chemicals company Merck KGaA (MRCG.DE) said on Friday it had successfully completed a squeeze-out of minority shareholders at its Merck-Serono unit SEO.VX.

Merck said it expected Merck-Serono to be delisted from the Swiss stock exchange on July 18.

Minority shareholders are to receive a compensation payment of 1,100 Swiss francs ($902.4) per share, the company said.

((Reporting by Patricia Gugau, writing by Jonathan Gould; Reuters Messaging: jonathan.gould.reuters.com@reuters.net; +49 69 7565 1242))

($1=1.219 Swiss Franc) Keywords: MERCK SQUEEZEOUT/

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