Merck agrees to pay $41.1B to take over Schering-Plough

Merck & Co. announced that it is acquiring Schering-Plough in a $41.1 billion deal that would grant Merck access to Schering-Plough's robust biotech, consumer-health and animal-health businesses. Merck CEO Richard Clark called the merger a "transformational event" that would put his company "at the forefront of drug discovery for years to come."

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