Yesterday,
I pointed out that Merck is paying "back" $1 billion to Bayer, in cash, in certain areas, post the close of the sale of the legacy Schering Plough Consumer Health businesses (on October 1, 2014). Today, we see the official net figure. And, just as I said. . .
between $6 billion and $7 billion. see the early 2014 graphic, at right -- and
this link.
Per the last line of the last page -- of
Exhibit 99.2 to the Form 8-K:
. . . .Estimated gain net of taxes | $6.909 billion. . . .
So, from that $6.9 billion, we subtract the
$1 billion cash payment. . .
viola! right on $6 billion! And that's a very far cry -- from the $14.2 billion -- as widely-advertised.
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