• CORPORATE EVENT: Schering-Plough Corporation ("SGP") - Effective Wednesday, November 4, 2009

      • To
      • Clearing Member Firms
      • From
      • CME Clearing
      • #
      • 09-485
      • Notice Date
      • 03 November 2009
      • Effective Date
      • 04 November 2009
    • On August 7, 2009, Shareholders of Schering-Plough Corporation (“SGP”) voted concerning the proposed merger with Merck & Co., Inc. (“MRK”). The merger was approved and will become automatically effective after the close of business on November 3, 2009. As a result, each existing SGP Common Share will be converted into the right to receive .5767 (New) MRK Common Shares and $10.50 Cash. Cash will be paid in lieu of fractional MRK shares.

      This action will be coordinated with the Options Clearing Corporation.

       

      For the full text of this advisory, please click here.