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Pfizer in talks with P&G for consumer health unit sale - CNBC

Tue, 03rd Apr 2018 15:47

April 3 (Reuters) - Pfizer Inc is in talks withProcter & Gamble Co <P&G.N> for a sale of the U.S. drugmaker'sconsumer health business, CNBC reported on Tuesday, citingsources.

Pfizer is considering options with P&G, including a jointventure, according to the report, adding that the companies werefar apart on a price for the business.

Pfizer and P&G could not be immediately reached for comment.

GlaxoSmithKline, Reckitt Benckiser andJohnson & Johnson have all exited from the biddingprocess, endangering an auction Pfizer hoped would bring in asmuch as $20 billion

(Reporting by Manas Mishra in Bengaluru; Editing by SrirajKalluvila)

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UPDATE 1-Pfizer in talks with P&G for consumer health unit sale - CNBC

April 3 (Reuters) - Pfizer Inc is in talks with Procter & Gamble Co for a sale of the largest U.S. drugmaker's consumer health business, CNBC reported on companies far

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