RE:JV with Merck's Keyteuda a bad idea...
Mrk stock chart is not looking too well the past six months. Mrk has 2.53 billion shares outstanding. For just 30 million more shares Mrk could probably acquire TLT. I mean small potatoes difference between 2.56 vs 2.53 billion shares? That gives TLT shareholders $10/share. I wouldn't be complaining.