Merck KGaA announces 2.05 bln eur capital increase, issues 13.3 mln new shares |
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Published
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Sun, 21 Jan 2007 19:34
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FRANKFURT (AFX) - German pharmaceutical and chemical Merck KGaA said it plans to issue 13.3 mln shares as it seeks to raise 2.05 bln eur.The company said it expects to issue the shares between Jan 24 and Feb 6 at a price of 78 eur per share.Holders of 29 old Merck shares will be allowed to buy four new ones, the company said.Merck said 6.2 mln of the new shares will be offered to the Merck family holding company, E.Merck OHG.E.Merck OHG oversees the 73 pct stake that the family holds in Merck.The holding company also said it wants to participate in the capital increase by raising its equity interest in Merck by 1.019 bln eur.The new shares are expected to begin trading in Frankfurt on February 7 and holders will also be entitled to full 2006 dividends.Deutsche Bank, Citigroup and Goldman Sachs are the lead bookrunners for this transaction.newsdesk@afxnews.comjcs/wjCOPYRIGHTCopyright AFX News Limited 2006. All rights reserved.The copying, republication or redistribution of AFX News Content, including by framing or similar means, is expressly prohibited without the prior written consent of AFX News.AFX News and AFX Financial News Logo are registered trademarks of AFX News Limited
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