VWR Scientfic - VWRX - getting with the times??? Message Board

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Biotech / Medical : VWR Scientfic - VWRX - getting with the times???

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To: Peter Church who wrote (15)	6/16/1999 2:55:00 PM
From: Baldwin	Read Replies (1) of 20

Part of news release re: offer price to follow....... Merck KGaA to Buy Rest of VWR for About $535 Mln West Chester, Pennsylvania, June 9 (Bloomberg) -- Merck KGaA, Germany's fifth-biggest drug company, agreed to buy the half of U.S. laboratory-equipment supplier VWR Scientific Products Corp. that it doesn't already own for about $535 million. Merck will pay VWR Scientific shareholders $37 a share, a 32 percent premium to VWR's closing price Tuesday. West Chester, Pennsylvania-based VWR Scientific, which had 1998 sales of $1.3 billion, sells more than 350,000 products through 1,800 vendors. ************************************************************ Separately, the deal with Chemdex should increase profits. I'm a long-term style investor, so can't offer advice on your options, altho a former employee there. This stock is cyclical to boot....i'm waiting for Nowak to take reins before i expect many changes...for what it's worth.

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