Schering

Encyclopedia : S : SC : SCH : Schering

Schering AG (FWB:[SCH], NYSE: [SHR]) is a research-centered pharmaceutical company founded in 1851. It employs more than 26,000 people in 140 subsidiaries all over the world. The company's headquarters are in Berlin-Wedding, Germany. Schering's annual gross revenue was nearly € 5 billion (2003).

Schering AG focuses on the following business areas:

Gynaecology & andrology
Special therapeutics
Diagnostical devices & nuclear medicine
Oncology

The company's founder was Ernst Schering.

The largest German manufacturing facility is located in Bergkamen. Schering's best-known product is probably the birth control pill.

Merck Takeover Bid

On March 13, 2006, Merck KGaA announced a €14.6bn bid for Schering [link]. The offer document is due to be issued in early April 2006.

Merck's takeover bid was surpassed by Bayer's $19.5B white-knight bid for Schering on March 23, 2006.

External link

DAX companies of Germany
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