Do Merck’s Major Stockholders See $40 Per Share Down the 2012 Road?
For the year-to-date, Merck & Co. Inc.’s (NYSE:MRK) shares are down 0.29 percent. On Tuesday, Bloomberg reported that Merck has made a $25 per share offer on Amylin Pharmaceuticals (NASDAQ:AMLN). The company isn’t alone in bidding for the company; Sanofi (NYSE:SNY) also made the same offer and Takeda Pharmaceutical and Bristol-Myers Squibb (NYSE:BMY) also have also informed Amylin they’ll present one.
At the $25-per-share price, Amylin has a $4 billion-plus value.
Why all the suitors for Amylin? Diabetes. The disease is a fast-growing one and for Merck, Amylin’s once a week diabetes drug Bydureon could be added into their current offerings.
With the potential to expands its suite of diabetes products, will Merck’s largest shareholders increase their holdings? 1384 institutional firms indicated owning shares of Merck & Co. Inc. (NYSE:MRK) in Q1 2012. These firms reported owning a total of 2.164 billion shares on 03/31/2012 . The shares closed at $38.40 on 03/31/2012.
Here are the ten largest positions in Merck & Co. Inc. at the end of March 31st, 2012.
Capital World Investors held 203,204,824 shares on 03/31/2012 worth $7,803,065,552.
Vanguard Group Inc held 126,531,607 shares on 03/31/2012 worth $4,858,813,902.
Wellington Management Co LLP held 123,858,051 shares on 03/31/2012 worth $4,756,149,347.
State Street Corp held 122,829,166 shares on 03/31/2012 worth $4,716,640,162.
Franklin Resources Inc held 93,140,757 shares on 03/31/2012 worth $3,576,605,211.
Blackrock Institutional Trust Company N.A. held 79,048,384 shares on 03/31/2012 worth $3,035,458,066.
JPMorgan Chase & Co held 66,241,563 shares on 03/31/2012 worth $2,543,676,120.
Dodge & Cox held 59,272,257 shares on 03/31/2012 worth $2,276,054,759.
Fmr LLC held 52,890,969 shares on 03/31/2012 worth $2,031,013,290.
Bank of New York Mellon Corp held 50,644,552 shares on 03/31/2012 worth $1,944,750,874.
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