P&U/Monsanto
This article was originally published in The Rose Sheet
Executive Summary
Shareholders will vote on the proposed merger between Monsanto and Pharmacia & Upjohn at a meeting March 23. The new company will be called Pharmacia Corp. and will be headed by P&U President Fred Hassan. The waiting period under Hart-Scott-Rodino expired Feb. 18, indicating the Federal Trade Commission did not find any antitrust concerns regarding the merger. The companies also have filed for antitrust review in Europe. P&U and Monsanto anticipate closing the deal in the first half of the year