Friday, March 24, 2006

Schering AG Supports Bayer Offer: Financial News - Yahoo! Finance

Schering AG Supports Bayer Offer: Financial News - Yahoo! Finance: "'The Executive Board has carefully examined the proposal considering the interests of all stakeholders. The price of EUR 86 per share in connection with several other important commitments is a good offer. Joining forces of Schering and Bayer will form a leading specialized pharmaceutical company', says Dr. Hubertus Erlen, Chairman of the Executive Board of Schering AG. 'Both businesses are complementary and follow the same strategy. Together they will be even more competitive internationally'."

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