Merck 2010 Annual Report Download - page 47
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At the Annual General Meeting on April 9 in Frankfurt, 37,624,121 out of 64,621,126 outstanding
shares were represented. This corresponds to 58.22% of the share capital. With the exception
of agenda items 4 and 5, which concerned resolutions on the approval of the actions of the
members of the Executive Board and the Supervisory Board and were each passed with 56%
of the votes, more than 99% of the votes were in favor of the other five agenda items. Further
details can be found on our website at www.merck.de.
In the course of 2010, the Executive Board and the Investor Relations team took part in
13 investor conferences in Frankfurt, London, Los Angeles, Munich, New York, Paris and San
Francisco. In addition, company representatives visited investors at the key financial centers in
the United States and Europe within the scope of 23 roadshows. International investor groups
visited Darmstadt on three dates and equity sales briefings were held with the sales staffs of
selected banks on three further dates. A large number of face-to-face meetings were held. For
the first time since 2007, we held investor and analyst conferences in London and New York
in September. The Executive Board gave detailed presentations of the business and financial
strategy of Merck.
In 2010, 40 banks and equity analysts reported regularly on and assessed Merck shares. As of
the end of 2010, the fair target price for Merck shares as gauged by the analyst community
was EUR 67.44. A total of 16 analysts gave our shares a buy recommendation, 17 a hold
recommendation and six a sell recommendation. Further details can be found on our website
at www.merck.de/investors.
Sustainability is the entrepreneurial compass that has guided Merck well for centuries. We
understand sustainability as ethical actions taken in line with the economic, ecological and
social interests of all Merck stakeholders, such as our customers, suppliers, employees and
owners. Our efforts in these areas are continually analyzed and assessed by independent
capital market institutes. Since 2008, Merck shares have been in the FTSE4Good Index, which
comprises companies with highly sustainable business practices. Additionally, Merck shares
are included in the DAX ® Global Sarasin Sustainability Germany Index.
Analysts
positive toward Merck
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