Merck Announces $5 Billion Accelerated Share Repurchase

Dateline City: 

WHITEHOUSE STATION, N.J.

WHITEHOUSE STATION, N.J.--(BUSINESS WIRE)--Merck (NYSE: MRK), known as MSD outside the United States and Canada,
today announced that it has entered into an accelerated share repurchase
agreement (ASR) with Goldman, Sachs & Co. to repurchase $5 billion of
Merck’s common stock. Proceeds from the company’s recently
concluded debt offering were used to execute the ASR, which is part
of Merck’s previously announced $15
billion share repurchase program.

Language: 

English

Contact HTML: 

MerckMedia Contact:Steven Cragle, 908-423-3461orInvestor Contact:Carol Ferguson, 908-423-5185

Ticker Slug: 

Ticker: MRK Exchange: NYSE

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Source: Merck.com - Corporate News - May 21, 2013 Category: Pharmaceuticals Authors: hq_site_admin Tags: Corporate News Financial News Latest News Source Type: news