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June 9, 2006
By: TOM BRANNA
Editor
Pfizer is taking bids for its consumer products unit. According to sources, GlaxoSmithKline has already offered $15 billion for the division, which includes such well-known brands as Listerine and Lubriderm. Other suitors are said to include ReckttBenckiser and Johnson & Johnson. In a recent interview, chairman Hank McKinnell said negotiations with the top bidders is underway and a final decision is expected to be made by the end of the third quarter. Mr. McKinnell also said that spinni...
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