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

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

The Pfizer logo is seen at their world headquarters in Manhattan, New York, U.S., August 1, 2016. REUTERS/Andrew Kelly
REUTERS: Pfizer Inc is in talks with Procter & Gamble Co for a sale of the U.S. drugmaker's consumer health business, CNBC reported on Tuesday, citing sources.Pfizer is considering options with P&G, including a joint venture, according to the report, adding that the companies were far apart on a price for the business.Pfizer and P&G could not be immediately reached for comment.GlaxoSmithKline, Reckitt Benckiser and Johnson & Johnson have all exited from the bidding process, endangering an auction Pfizer hoped would bring in as much as US$20 billion(Reporting by Manas Mishra in Bengaluru; Editing by Sriraj Kalluvila)
Source: Reuters
 Source : http://www.channelnewsasia.com/news/business/pfizer-in-talks-with-p-g-for-consumer-health-unit-sale--cnbc-10100790