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Biotech / Medical : Merck -- Ignore unavailable to you. Want to Upgrade?


To: Mephisto who wrote (1284)9/24/1999 3:11:00 PM
From: SIer formerly known as Joe B.  Read Replies (2) | Respond to of 1580
 
September 24, 1999

Dow Jones Newswires

Merck CEO Gilmartin Backs '99
Street EPS Views

By Melanie Trottman

NEW YORK -- At a time when some drug companies are
looking externally to grow, Merck & Co. (MRK) is
"absolutely" still ruling out the possibility of a merger, said
Raymond Gilmartin, president, chairman and chief
executive of the drug giant.

Gilmartin ruled out the possibility earlier Friday in a
meeting with reports and editors at the Wall Street Journal.

He later told Dow Jones Newswires that he was
comfortable with Street views for the company's earnings
per share in 1999. Analysts surveyed by First
Call/Thomson Financial expect the Whitehouse Station,
N.J. company to earn $2.45 a share for the year.

Gilmartin said the company's strategy is to grow internally.