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P&G Buys Merck KgAa Healthcare Unit

Move adds muscle, joint and back pain relievers to roster.

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By: TOM BRANNA

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Procter & Gamble will acquire the Consumer Health business of Merck KGaA, Darmstadt, Germany, forapproximately 3.4 billion euro. The move enables P&G to expand its successful consumer health care business by adding a fast-growing portfolio of differentiated, physician-supported brands across a broad geographic footprint, according to Procter. It also provides P&G with strong health care commercial and supply capabilities, deep technical mastery and proven consumer health care lead...

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