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Merck's consumer healthcare unit valued at $14B.
May 1, 2014
By: TOM BRANNA
Editor
German drugmaker Bayer AG is nearing an agreement to buy Merck & Co Inc's consumer healthcare unit, people familiar with the matter said, in a deal that could value the business at around $14 billion. Bayer edged out other rival bidders in the auction, including Procter & Gamble Co, Boehringer Ingelheim, Novartis AG and Sanofi SA, according to Bloomberg. Reckitt Benckiser Group, one of the final contenders in the auction, said on Wednesday it was no longer in active talks to buy t...
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