TribLIVE

| USWorld


 
Larger text Larger text Smaller text Smaller text | Order Photo Reprints

Bayer, Reckitt among final contenders for Merck consumer health care unit

Daily Photo Galleries

By Reuters
Saturday, April 26, 2014, 8:57 p.m.
 

Merck & Co. Inc. is in the final stages of selling its consumer health care unit for nearly $14 billion, with Bayer AG and Reckitt Benckiser Group Plc among final contenders to clinch a deal as soon as this week, people familiar with the matter said.

Germany's Bayer and British consumer products giant Reckitt have emerged as front-runners to win the auction after each offering about $13.5 billion for the Merck consumer unit, best known for Coppertone sunscreen and Claritin allergy medicine, the sources said.

Both bidders are very keen to buy the asset, and the price tag could go higher in the final days, one person added. All the people asked not to be named because the matter is not public.

Representatives of American drugmaker Merck, as well as Bayer and Reckitt, declined to comment.

 

 
 


Show commenting policy

Most-Read Nation

  1. White woman sues sperm bank for giving her donation from black man
  2. Hagel orders steps to fix military health care
  3. Records show Kissinger pursued strategy to attack Cuba
  4. ER knew ill man visiting from Africa, sent him home
  5. Head of Secret Service resigns
  6. Detroit’s emergency manager questioned about bankruptcy plan
  7. DeLay conviction killed by top court
  8. Obama administration blasts Israeli housing project
  9. Secret Service chief resigns after security lapses
  10. MIT: Global Energy Use, CO2 May Double By 2100
  11. Obama administration blasts Israeli housing project
Subscribe today! Click here for our subscription offers.