Wednesday, April 7, 2010 as of 11:14 AM ET
EMD Millipore, also known as Merck Millipore outside the United States and Canada, was founded in 1954, listed among the S&P 500 since the early 1990s, is an international biosciences company, known widely for its micrometer pore-size filters and tests.
Read More at Wikipedia ›Merck KGaA has agreed to acquire U.
S. biotech supply company Millipore Corp. (MIL) in a $7.2 billion deal that includes the assumption of debt.In a statement, Merck, which is not related to the U.S. company Merck & Co. (MRK), said it would pay $107 per share, a 13% premium to Friday's closing price of $94.41.Millipore has two units. One produces products used in research and development, while the other makes products to help process pharmaceutical and biotechnology drugs.Merck said it expects the deal to result in about $100 million in savings within three years. The deal is expected to close in the second half of 2010.The deal will require antitrust approval as well as approval from Millipore shareholders....Shares of life-sciences company Millipore (MIL) surged Monday amid reports Thermo Fisher Scientific (TMO) has made an unsolicited takeover offer for about $6 billion...
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