Yesterday, exactly as expected, Merck cleared all the relevant anti-trust baffles, and closed its $400 million South American animal health acquisition we discussed near Fourth Of July, last year. Here is a bit from Yahoo! Finance News:
. . . .Vallee S.A., a leading privately held producer of animal health products in Brazil, has [been acquired by Merck]. . . . Vallee also has its presence in other Latin American countries.
As per the terms of the agreement, Merck has acquired approximately 93% stake in Vallee for about $400 million. Vallee is a leader in the animal health care products segment in Latin America. . . .
Onward. With a purely-scientific (but largely unrelated) skepticism as my new watch-word -- I won't believe it -- until I see it, with my own eyes. . . . sadder, but wiser.