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Tags: pfizer | talks | p&g | consumer | health | cnbc

Pfizer in Talks With P&G for Consumer Health Unit Sale: CNBC

Pfizer in Talks With P&G for Consumer Health Unit Sale: CNBC
(Mohamed Ahmed Soliman | Dreamstime)

Tuesday, 03 April 2018 11:23 AM

Pfizer Inc. is in talks with Procter & Gamble Co for a sale of the U.S. drugmaker's consumer health business, CNBC reported on Tuesday, citing sources.

Pfizer is considering options with P&G, including a joint venture, according to the CNBC report, adding that the companies were far apart on a price for the business.

Pfizer said it is evaluating potential strategic options for the unit and expects to make a decision in 2018.

GlaxoSmithKline, Reckitt Benckiser and Johnson & Johnson have all exited from the bidding process, endangering an auction Pfizer hoped would bring in as much as $20 billion

P&G said it declined to comment.

© 2021 Thomson/Reuters. All rights reserved.


StreetTalk
Pfizer is considering options with P&G, including a joint venture, according to the report, adding that the companies were far apart on a price for the business.
pfizer, talks, p&g, consumer, health, cnbc
106
2018-23-03
Tuesday, 03 April 2018 11:23 AM
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