At Dec. 31, 2015, $MRK's worldwide cash and investments was $26.5Bil, including $13.4Bil of cash, cash equivalents and short-term investments, and $13Bil of long-term investments. Generally 80%-90% of cash and investments are held by foreign units and would be subject to significant tax payments if such were repatriated in form of dividends.
For 2017, $ENDP expects US Generics base business revenue decline to be similar to 2016 or in the low 30% range. Generics segment sales are expected to decline in the high-single to low-double digit range. In US Generics business, $ENDP estimates to realize approx. $75MM in annual net savings and launch at least 20 products in 2017.
$EQIX agreed for the purchase of ICT-Center AG, Zurich's data center operating business in Zurich, Switzerland for less than $5MM. The agreement was signed on Feb. 1, 2017 and the acquisition is expected to close sometime in early April 2017.