SCHERING PLOUGH CORP
			Symbol			SGP

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Merck and Schering-Plough to Complete Merger Today

2009-11-03 11:43 ET - News Release

Also News Release (U-MRK) MERCK & CO INC

New Merck Will Begin Combined Operations Tomorrow

Global Health Care Leader Poised for Sustainable Growth Through Innovations for Patients

WHITEHOUSE STATION, N.J. & KENILWORTH, N.J. -- (Business Wire)

Merck & Co., Inc. (NYSE: MRK) and Schering-Plough Corporation (NYSE: SGP) today announcedthat they will complete their merger shortly after 4:00PM ET today. The companies will begin combined operations tomorrow, November 4, 2009. As previously announced, Schering-Plough will change its name to Merck and its common stock will trade under the ticker symbol “MRK” on the New York Stock Exchange.

Under the terms of the agreement, Schering-Plough shareholders will receive 0.5767 shares of the newly combined company and $10.50 in cash for each share of Schering-Plough. Each Merck common share will automatically become a common share of the newly combined company.

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