11.11.2015 • NewsElaine BurridgeHoneywellMerck

Nov. 18 Closing for Sigma-Aldrich Takeover by Merck KGaA

Nov. 18 Closing for Sigma-Aldrich Takeover by Merck KGaA
Nov. 18 Closing for Sigma-Aldrich Takeover by Merck KGaA

The European Commission has approved the sale of Sigma-Aldrich’s solvents and inorganics business in Europe to Honeywell, finally clearing the path for the US company’s acquisition by Germany’s Merck KGaA for $17 billion. The closing is now scheduled for Nov.18.

Honeywell is paying about €105 million for the assets, which will be integrated into its Fine Chemicals unit. Following completion of the takeover, first announced in September 2014, Sigma-Aldrich’s stock will be delisted from the US NASDAQ exchange.

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VCI Welcomes US-EU Customs Deal

The German Chemical Industry Association (VCI) welcomes the fact that Ursula von der Leyen, President of the European Commission, and US President Donald Trump have averted the danger of a trade war for the time being.