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Managed Care Weekly Digest

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Business Update



Schering stockholders consent to agreement paving way to integration with The Bayer Group



October 9th, 2006

The Bayer Group has taken a further step toward the planned integration of Schering. The Schering stockholders consented to the domination and profit and loss transfer agreement with Bayer subsidiary Dritte BV GmbH at an Extraordinary Stockholders' Meeting.

Said Bayer Management Board Chairman Werner Wenning, "Now the condition has been fulfilled for integrating Schering as quickly as possible."

The stockholders also resolved on the name change from Schering AG to "Bayer Schering Pharma Aktiengesellschaft" and elected new stockholders' representatives to the supervisory board. At its constituent meeting, the Schering Supervisory Board appointed...


Source: Managed Care Weekly Digest (2006-10-09)

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