Bayer pharmaceuticals steroids

In March 2006, Merck KGaA announced a € bid for Schering AG , which had been founded in 1851 and by 2006 had annual gross revenue of around €5 billion [47] and employed about 26,000 people in 140 subsidiaries worldwide. [48] Bayer responded with a white knight bid and in July acquired the majority of shares of Schering for €, [49] and in 2007, Bayer took over Schering AG and formed Bayer Schering Pharma. The acquisition of Schering was the largest take-over in Bayer's history, [48] :49–52 [50] and as of 2015 this was one of the ten biggest pharma mergers of all time. [51]

Bayer pharmaceuticals steroids

bayer pharmaceuticals steroids

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