Messages sent by news aktuell GmbH, Hamburg ---------+--------- +---------+---------+---------+---------+--------- Merck in engl. Distribution and Tranlation Ciao! M. Trzcinski ---------+- --------+---------+---------+---------+---------+--------- Merck KGaA, Germany, to make tender offer for all outstanding shares of VWR Scientific Products Corporation Darmstadt, New York (ots) - Merck KGaA, Darmstadt, Germany announced that its indirect subsidiary EM Laboratories, Inc., Hawthorne, New York, has entered into an Agreement and Plan of Merger, dated as of June 8, 1999, by which a Merck KGaA subsidiary set up specifically for this transaction will make a tender offer to acquire all of the Common Stock of VWR Scientific Products Corporation, West Chester, PA, USA (VWRX) not currently held by EM Laboratories and its affiliates for US $37.00 per share. The tender offer will be made for approx. 15,000,000 shares and all outstanding options. The offer will be followed by a merger in which any remaining stock of VWR will be exchanged for cash at the same price per share paid in the tender offer. The tender offer is conditioned on the receipt of a majority of the VWR Common Stock not held by EM Laboratories and its affiliates, as well as approval of the antitrust authorities and other customary conditions. The Merck Group already holds a 49.9 percent equity position in the company. The planned acquisition of all remaining shares of VWR will consolidate Merck's laboratory distribution business in the North American market place. With the acquisition of VWR, together with the recently established Merck Eurolab N.V., the holding and management company for Merck KGaA's European laboratory distribution activities, the Merck Group will further improve its ability to offer its customers enhanced services in the laboratory supply business. With sales in excess of US $1.3 billion, VWR is one of the leading suppliers of laboratory equipment, chemicals, production supplies, science education materials and general supplies to the scientific market place. VWR operates an extensive distribution network consisting of five highly automated regional distribution centers and over 50 service centers and just-in-time facilities. VWR currently offers over 350,000 products from more than 1,800 vendors and is a pioneer in integrated business services and electronic commerce solutions. Merck KGaA is a worldwide operating group of companies with activities in pharmaceuticals, specialty chemicals and the production and distribution of laboratory products. In 1998 annual revenues exceeded DM 8 billion, the laboratory segment accounted for DM 1.9 billion in sales. ots Originaltext: Merck KGaA Internet: Contact: Merck KGaA Tel.: 06151/ 722386/ 727109 Fax: 06151/ 727707/ 723138

Klíčová slova hotovo-Merck

Praha, Česká republika (ce)


Přihlásit k odběru

Materiály označené značkou Protext nejsou součástí zpravodajského servisu ČTK a nelze je publikovat pod její značkou. Jde o komerční sdělení zadavatele, který je ve zprávě označen a který za ně nese plnou odpovědnost.