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Merck KGaA (MKGAF.PK) Targets $385 Million in Cost Cuts by 2014 as Geneva Protests Continue


5/16/2012 8:35:40 AM

Germany's Merck KGaA specified the targets of its ongoing restructuring programme on Tuesday, saying it eyes 300 million euros ($385 million) in annual cost cuts at its prescription drugs unit by 2014. It said in a statement it would incur one-off costs of about 600 million euros related to the programme between this year and 2014.


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