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Will sell consumer healthcare unit for $14B.
April 29, 2014
By: TOM BRANNA
Editor
The sun has set on Merck's sun care business—and its consumer healthcare business, too. According to reports, Merck could agree a deal to sell its consumer healthcare operations this week for almost $14 billion, with Germany's Bayer and UK-based Reckitt Benckiser the leading companies interested in the unit. Other companies said to be in the running include, Procter & Gamble, Novartis and Sanofi. Merck is looking to sell the operations as it only holds around 1% of the market....
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