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Merck announced the completion of the spin-off of Ogalon

 Last Update: 2021-07-06
 Source: Internet
 Author: User

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Merck (NYSE: MRK, Merck is the corporate name of Merck & Co.
, Kenilworth, New Jersey) announced today that the company has completed the spin-off of Organon
.

Today is an important milestone for Merck and Ogalon
.

Organon has become an independent listed company with a broad portfolio of important drugs and products, and is fully prepared to achieve sustainable growth and value

The goal of Merck’s spin-off is to establish two patient-centric companies, strengthen strategic and operational focus, increase flexibility, simplify operating models, optimize capital structure and improve financial conditions
.

Merck believes that the spin-off will bring significant benefits to both Merck and Ogalon, and create value for Merck’s shareholders

Ogalon does not issue odd shares of ordinary shares in the distribution of shares
.

Instead, Merck’s ordinary shareholders received cash to replace the odd shares of Ogalon ordinary shares that they were originally entitled to

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