FRANKFURT Feb 20 Diversified drugs and
chemicals group Merck KGaA is ready to pursue a
takeover worth billions to boost its medicines unit even after
making an offer for AZ Electronic Materials, its chief
executive told a German newspaper.
"We can easily invest a high single-digit billion amount,
without endangering our good rating," CEO Karl-Ludwig Kley was
quoted as saying by daily Handelsblatt.
Standard & Poor's has a long-term issuer rating 'A' with a
stable outlook on Merck.
Germany's Merck, the world's largest maker of liquid
crystals used in TVs, tablet and smartphone screens, in December
agreed to buy Britain's AZ Electronic Materials AZEM.L for $2.6
billion to expand its range of specialist chemicals for hi-tech