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P&G ditches Pfizer, picks Merck’s consumer health business
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<p>[QUOTE="anonymous, post: 6039345"]After weeks of offers and speculations, a deal has finally been struck in the consumer health space, though not really in an expected manner. P&G has ditched Pfizer’s consumer health unit to buy the same business of rival Merck, which was eyed by Mylan NV.</p><p>P&G was willing to pay $15 billion for Pfizer’s consumer health unit, but the latter demanded nothing short of $20 billion. However, instead of raising the bet, P&G found another seller in Merck and bought their consumer health business for about $4.21 billion.</p><p><a href="https://news.alphastreet.com/pg-ditches-pfizer-picks-mercks-consumer-health-business/" target="_blank" class="externalLink ProxyLink" data-proxy-href="https://news.alphastreet.com/pg-ditches-pfizer-picks-mercks-consumer-health-business/" rel="nofollow">https://news.alphastreet.com/pg-ditches-pfizer-picks-mercks-consumer-health-business/</a>[/QUOTE]</p><p><br /></p>
[QUOTE="anonymous, post: 6039345"]After weeks of offers and speculations, a deal has finally been struck in the consumer health space, though not really in an expected manner. P&G has ditched Pfizer’s consumer health unit to buy the same business of rival Merck, which was eyed by Mylan NV. P&G was willing to pay $15 billion for Pfizer’s consumer health unit, but the latter demanded nothing short of $20 billion. However, instead of raising the bet, P&G found another seller in Merck and bought their consumer health business for about $4.21 billion. [URL]https://news.alphastreet.com/pg-ditches-pfizer-picks-mercks-consumer-health-business/[/URL][/QUOTE]
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Cafepharma Message Boards | Pharma Sales, Device Sales, Lab Sales
Home
Forums
>
Pharma/Biotech Companies
>
Pfizer
>
P&G ditches Pfizer, picks Merck’s consumer health business
>
Cafepharma Message Boards | Pharma Sales, Device Sales, Lab Sales
Home
Forums
>
Pharma/Biotech Companies
>
Pfizer
>
P&G ditches Pfizer, picks Merck’s consumer health business
>