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Unit could fetch $3 billion.
July 22, 2009
By: TOM BRANNA
Editor
Procter & Gamble is said to be moving closer to selling its pharmaceutical unit, and the move could have an impact on the household and personal products industry. The Wall Street Journal in Wednesday’s editions cited unidentified people familiar with the matter who say several potential buyers include specialty drug maker Warner Chilcott Ltd., and private-equity firm Cerberus Capital Management LP, and that a possible sale price is some $3 billion. For those in the global househo...
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