China Flexes Muscle With Conditions On Merck Takeover Of AZ Electronics
This article was originally published in PharmAsia News
Executive Summary
China's influence in multinational mergers and takeover deals was displayed when its commerce ministry approved a $2.6 billion takeover of the U.K.'s AZ Electronics Materials by Merck KGaA.
China's influence in multinational mergers and takeover deals was displayed when its commerce ministry approved a $2.6 billion takeover of the U.K.'s AZ Electronics Materials by Merck KGAA. The company makes specialty chemicals, including those used in the drug-making process, so the government had an increasingly important say in the matter. The government approved the merger, but set conditions, including a notice of any licensing deals signed in China and a ban on requiring Chinese to buy products from both companies. (Click here for more
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"China Approves Merck KgaA's Takeover Of AZ Electronic" - Reuters (4/30/2014)