Merck buys Idenix for $3.85 billion

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Merck buys Idenix for $3.85 billion

Merck announced it will buy biotechnology company Idenix for $24.50 per share in cash, with the "Squawk on the Street" crew. Jim Cramer explains why he wasn't eyeing phase 2 data closely enough.
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Mon, Jun 9 20149:06 AM EDT