Merck announced that ICICI Securities ( Manager to Offer) has submitted to BSE a Open offer for acquisition of up to 4,315,840 (Four Million Three Hundred Fifteen Thousand Eight Hundred Forty) fully paid up equity shares of face value of Rs10 (Indian Rupees Ten) each ("Equity Shares") of Merck ("Target Company") from the Public Shareholders of the Target Company by Procter & Gamble Overseas India B.V. ("Acquirer"), together with The Procter & Gamble Company ("PAC") in its capacity as a person acting in concert with the Acquirer ("Open Offer" or "Offer).
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