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Schering-Plough to raise £1.03bn

13 April 2012

SCHERING-PLOUGH, the US pharmaceuticals maker suffering because it lacks a new blockbuster drug, is planning to raise $1.75bn (£1.03bn) through a public offering of senior notes. The company said the offering was being made through an underwriting syndicate in which Merrill Lynch and Citigroup will be joint book-running managers.

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