Glaxo, Reckitt Submit Sole Bids for Pfizer's Consumer Unit -Bloomberg
05 Febbraio 2018 - 11:04AM
Dow Jones News
--GlaxoSmithKline and Reckitt Benckiser Group are the only
companies that have submitted non-binding bids for Pfizer's
consumer business after rival candidates walked away, Bloomberg
reports unnamed sources as saying.
--Pfizer is planning to open a data room for Glaxo and Reckitt
to start due-diligence work on the assets--which sources say could
fetch between $15 billion and $20 billion--before filing their
final offers, according to Bloomberg.
--Representatives for Glaxo and Reckitt declined to comment,
Bloomberg says.
--Sanofi, Nestle and Johnson & Johnson contemplated offers
before deciding not to pursue them, reports Bloomberg.
Full story: https://bloom.bg/2E4O251
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(END) Dow Jones Newswires
February 05, 2018 04:49 ET (09:49 GMT)
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