Kidder Peabody, co-managers of the firm's recent 2.5 mil share initial public offering, exercise over-allotment option to purchase an additional 375,000 shares of the monoclonal R&D company.
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Limiting interactions to two-dimensional settings will hinder collaboration, innovation and the mentoring of younger employees, Merck & Co. CEO Kenneth Frazier says. Frazier, who will retire in June, is looking forward to returning to public service but says "politics with a capital P is not my thing."