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Sandoz/Ciba-Geigy

NPR's Jim Zarroli reports that two of the world's largest pharmaceutical manufacturers have decided to merge in one of the business world's biggest transactions ever. Ciba-Geigy and Sandoz are both Swiss firms. Together they will become the world's second largest drugmaker, behind the U.S.-British firm, Glaxo Wellcom. The stock swap is valued at more than $36 billion.

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