Procter & Gamble to acquire Merck’s consumer health business for €3.4bn

Procter & Gamble to acquire Merck’s consumer health business for €3.4bn

Procter & Gamble (P&G), a leading US consumer goods company, has finalized a deal to acquire the consumer health business of German pharmaceutical company Merck for approximately €3.4 billion ($4.2 billion). This all-cash transaction marks a significant expansion of P&G’s consumer health division by incorporating a range of over-the-counter (OTC) products from Merck. Expanding P&G’s […]

Pfizer faces setback as Reckitt Benckiser and GSK withdraw from $20bn consumer health deal

Pfizer faces setback as Reckitt Benckiser and GSK withdraw from $20bn consumer health deal

Pfizer’s $20 Billion Sale Stalls: In a significant turn of events in the pharmaceutical industry, both Reckitt Benckiser and GlaxoSmithKline (GSK) have decided to withdraw from acquisition talks with Pfizer regarding its consumer healthcare business. This decision marks a setback for Pfizer’s plans to offload this segment, valued at approximately $20 billion. Overview of Pfizer’s […]