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DewDiligence

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Re: steveporsche post# 74090

Tuesday, 03/10/2009 11:21:19 PM

Tuesday, March 10, 2009 11:21:19 PM

Post# of 257428
MRK will owe SGP a $2.5B breakup fee if the merger falls though because MRK is unable to obtain financing:

http://sec.gov/Archives/edgar/data/64978/000089534509000168/ds8k2_merck.htm

If SGP opts out of the merger with MRK because it receives a better offer (e.g. from JNJ), SGP will owe MRK a breakup fee of $1.25B.


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