ST. LOUIS, Oct. 20, 2015 /PRNewswire/ -- Sigma-Aldrich
Corporation (NASDAQ: SIAL) today announced that it agreed to sell
its Sigma-Aldrich-branded solvents and inorganics business in the
EEA to Honeywell. The sale will also include global rights to
the Company's Fluka® brand. This sale is intended
to fulfill the commitments the Company made to the European Union
in order to receive final approval for the sale of the Company to
Merck KGaA of Darmstadt, Germany.
Merck will now submit the Honeywell agreement to the European
Commission, which has to approve the transaction in order for Merck
to complete the acquisition of Sigma-Aldrich. The European
Commission previously provided conditional approval of that
transaction on June 15, 2015.
Merck and Sigma-Aldrich announced on September 22, 2014 that they had entered into a
definitive agreement under which Merck would acquire all
outstanding shares of Sigma-Aldrich for $140 per share in cash. In addition to the
confirmation of approval from the European Union, the closing
follows the approval of the acquisition by Sigma-Aldrich's
shareholders at a special meeting held on December 5, 2014, and the satisfaction of other
customary conditions, including antitrust clearance in the United States, China, Japan
and several other regions.
About Sigma-Aldrich: Sigma-Aldrich, a leading Life
Science and Technology company focused on enhancing human health
and safety, manufactures and distributes 250,000 chemicals,
biochemicals and other essential products to more than 1.4 million
customers globally in research and applied labs as well as in
industrial and commercial markets. With three distinct
business units - Research, Applied and SAFC Commercial -
Sigma-Aldrich is committed to enabling science to improve the
quality of life. The Company operates in 37 countries, has
approximately 9,700 employees worldwide and had sales of
$2.79 billion in 2014. For more
information about Sigma-Aldrich, please visit its website at
www.sigma-aldrich.com.
Sigma-Aldrich is a registered
trademark of Sigma-Aldrich Co. LLC. Fluka is a registered
trademark of Sigma-Aldrich Chemie GmbH.
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SOURCE Sigma-Aldrich