A PYMNTS Company

Luxembourg/Germany: $2.6B chemical buyout planned for Merck KGaA

By  |  December 5, 2013

Germany-based chemicals firm Merck KGaA announced a deal to spend $2.6 billion for Luxembourg-based AX Electronic Materials in a move slated to boost the German firm’s specialty chemicals and electronics operations.

    Get the Full Story

    Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required.

    yesSubscribe to our daily newsletter, PYMNTS Today.

    By completing this form, you agree to receive marketing communications from PYMNTS and to the sharing of your information with our sponsor, if applicable, in accordance with our Privacy Policy and Terms and Conditions.

    According to reports, the buyout will lead to boosted manufacturing in liquid crystals used for flat screen monitors, among other products used within the graphic arts sector.

    Despite the buyout, more than half of Merck’s revenue will come from its pharmaceutical business.

    Full Content: Bloomberg

    Want more news? Subscribe to CPI’s free daily newsletter for more headlines and updates on antitrust developments around the world.