Merck Starts Seven-Part High-Grade Bond Sale to Fund Terns Deal

Merck & Co. has kicked off an investment-grade bond sale to help finance its $6.7 billion acquisition of Terns Pharmaceuticals Inc.

By Caleb Mutua, Michael Gambale · Bloomberg Markets

Merck & Co. has kicked off an investment-grade bond sale to help finance its $6.7 billion acquisition of Terns Pharmaceuticals Inc.