Merck & Co., the New Jersey-based health...

Merck & Co., the New Jersey-based health products company, will sell its 50.54% stake in Torii & Co., a Japanese pharmaceutical products firm, to Asahi Breweries Ltd. of Tokyo for an undisclosed price . . . Colgate-Palmolive Co. is looking for a buyer for its Kendall Co. health-care unit in order to expand consumer products and reduce debt, Reuben Mark, chairman, president and chief executive officer, said . . . Arco will hold its annual shareholders’ meeting at 10 a.m. Monday in the ballroom of the Four Seasons Hotel, 300 S. Doheny Drive, Los Angeles . . . In an SEC filing, Fidelity International Ltd. said it increased its stake in Culver City-based Information International by about 2% to 15.9% or 356,030 common shares . . . Bridge Capital Investors of Teaneck, N.J., has reduced its stake in Seeq Technology of San Jose to 3.8% from about 5.8%, according to a SEC filing . . . The Investment Company Institute said assets of the nation’s 425 money market mutual funds tumbled $1.62 billion in week ended April 27 to $272.84 billion.