Merck KGaA (MKGAF.PK) Has Cash Ready To Pursue A Takeover Worth Billions: CEO
2/21/2014 7:28:11 AM
Diversified drugs and chemicals group Merck KGaA is ready to pursue a takeover worth billions to boost its medicines unit even after making an offer for AZ Electronic Materials, its chief executive told a German newspaper. "We can easily invest a high single-digit billion amount, without endangering our good rating," CEO Karl-Ludwig Kley was quoted as saying by daily Handelsblatt. Standard & Poor's has a long-term issuer rating 'A' with a stable outlook on Merck.
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