Just as I guessed yesterday morning, these August 7 meeting dates are designed to create momentum -- not signal anything remotely resembling the end of the process. This is from an SEC filing Merck just made, tonight:
. . . .Q: When do you expect the merger to be completed?
A: Schering-Plough and Merck are working to complete the merger in the fourth quarter of 2009. However, the merger is subject to various regulatory approvals and other conditions, and it is possible that factors outside the control of both companies could result in the merger being completed at a later time, or not at all. There may be a substantial amount of time between the respective Schering-Plough and Merck special meetings and the completion of the merger. Schering-Plough and Merck hope to complete the merger as soon as reasonably practicable. . . .
No comments:
Post a Comment