• Most Popular
  • Most Shared

Schering-Plough says FTC seeks more Organon info

Fri May 4, 2007 9:14am EDT

Stocks

   

NEW YORK, May 4 (Reuters) - Schering-Plough Corp SGP.N on Friday said the U.S. Federal Trade Commission has requested additional information about the drugmaker's planned $14.65 billion acquisition of Dutch chemical group Akzo Nobel NV's (AKZO.AS) drugs unit Organon Biosciences NV.

"A request for further information is typical in a transaction of this size," Schering-Plough said. The company said it continues to expect the deal to be completed by the end of 2007.

((Reporting by Ransdell Pierson, editing by Gerald E. McCormick; Reuters Messaging: ransdell.pierson.reuters.com@reuters.net; 646-223-6034; ransdell.pierson@reuters.com))

((Multimedia versions of Reuters Top News are now available for: * 3000 Xtra: visit topnews.session.rservices.com

* BridgeStation: view story .134 For more information on Top News: topnews.reuters.com)) Keywords: SCHERINGPLOUGH ORGANON

(C) Reuters 2007. All rights reserved. Republication or redistribution ofReuters content, including by caching, framing or similar means, is expresslyprohibited without the prior written consent of Reuters. Reuters and the Reuterssphere logo are registered trademarks and trademarks of the Reuters group ofcompanies around the world.nWNAS9833



More from Reuters

Joint Terminal Attack Controller SSgt Clinton J. Herbison, a U.S. Airman from the 817 Expeditionary Air Support Operations Squadron (EASOS) takes a break during a night mission near Honaker Miracle camp at the Pesh valley of Kunar Province August 12, 2009. Credit: REUTERS/Carlos Barria

Pictures of the Year

A look at the best photos of 2009.  Slideshow 

    The Dalai Lama jokes with a nasal spray after being asked his opinion on the swine flu during a press conference after his first lecture in Lausanne, Switzerland, August 4, 2009. REUTERS/ Valentin Flauraud

    What a wacky year it's been...

    Um, what's up the Dalai Lama's nose? "Oddly Enough" editor Bob Basler rounds up the goofiest photos of the year.  Full Article 

    A caution sign is seen next to a stock board at the Australian Securities Exchange (ASX) in Sydney September 5, 2008. REUTERS/Daniel Munoz
    Political Risk in 2010:

    Don't say we didn't warn you

    With the financial crisis (mostly) in the past, U.S. investors are eying a fresh start to the coming year. Here's a look at what speedbumps lie ahead.  Full Article