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Novartis and Alcon reach compromise to settle merger saga

 
• By Simon Varcoe

Alcon's board of directors has finally approved a merger agreement with Novartis for the Alcon shares the latter does not already own, drawing a close to protracted negotiations that first began nearly a year ago.

Alcon's board of directors has finally approved a merger agreement with Novartis for the Alcon shares the latter does not already own, drawing a close to protracted negotiations that first began nearly a year ago.

Novartis will pay $168 per Alcon share for the remaining 23% of the company, which are more favourable terms than...

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