Bayer buying Merck consumer care unit for $14.2B


A deal between the two had been tipped last last week.

Merck's (MRK) consumer care business includes well-known brands like Claritin, Afrin, and Coppertone. "The combination of Merck Consumer Care's complementary portfolio of products and geographic reach with Bayer's will create a global consumer care business better positioned to serve consumers around the world," says Bayer (BAYZF, BAYRY) Chairman Dr. Marijn Dekkers.

Merck CEO Kenneth Frazier: "By unlocking value in Merck Consumer Care, we’re able to further our goal of being the premier research-intensive biopharmaceutical company through targeted investments that strengthen our product portfolio and enhance our pipeline.”

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Comments (2)
  • permanent
    , contributor
    Comments (445) | Send Message
     
    A hefty price for a small unit but on the other Hand strong brand names and high profitability.
    6 May 2014, 09:49 AM Reply Like
  • Jie50
    , contributor
    Comments (10) | Send Message
     
    Why mrk down after the news?
    6 May 2014, 11:35 PM Reply Like
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