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Merck Serono International SA

Squeeze Out of Merck Serono Shares Successfully Completed

Published in Healthcare Mergers, Acquisitions and Ventures Week, July 21st, 2007

The Civil Court of Basel has cancelled all remaining publicly held shares of Merck Serono S.A. (Merck Serono) and annulled all outstanding rights to acquire such shares. Therefore, Merck now holds 100% of the shares of Merck Serono. Merck Serono's shares will be delisted from the SWX Swiss Exchange on July 18. The final trading day is expected to be July 17, 2007.

The affected holders of the publicly traded shares of Merck Serono will receive the same compensation per share as those who tendered their shares during the public Swiss takeover offer for CHF 1,100 in cash per share. Merck Serono shareholders who hold their shares in a safe custody account will automatically...

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