August 2009: Merck/Schering Plough Merger

Stock: Schering Plough

Symbol: SGP

Buyout Terms: Merck is paying $10.50 cash plus 0.5767 shares of stock for each SGP share

Est. Closing Date: December 31st

Today’s date: August 28th

Today’s price: $28.14

Projections:

$/% Gain: $1.07/3.80%

Time frame: ~ 4 months

Annualized return: +11.1%