Hat tip to David Gelles of The New York Times for landing the scoop about US drugs giant Merck talking to Cubist Pharmaceuticals about a takeover deal of more than $7 billion.
Here is a link to David's piece: http://dealbook.nytimes.com/2014/12/05/merck-in-talks-to-acquire-drug-maker-cubist-for-more-than-7-billion/?_r=0