On February 17, 2010
Merck’s Marginal Merger: $3.5B in Savings From Layoffs That Cost $3.3B
Merck is spending up to $3.3 billion in restructuring costs — mostly layoffs — in the hopes of achieving $3.5 billion savings, annually, after 2012. I won’t bore you with a time-value-of-money theory, but if you factor in interest rates
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