P&G to acquire German Merck’s consumer health business for about $4.21 billion

FAN Editor 6 years ago
FILE PHOTO - The logo of Dow Jones Industrial Average stock market index listed company Procter & Gamble (PG) is seen on a tube of toothpaste in Los Angeles
FILE PHOTO – The logo of Dow Jones Industrial Average stock market index listed company Procter & Gamble (PG) is seen on a tube of toothpaste in Los Angeles, California, United States, April 25, 2016. REUTERS/Lucy Nicholson

April 19, 2018

(Reuters) – Procter & Gamble Co said on Thursday it has signed an agreement to acquire the consumer health business of German pharmaceuticals company Merck KGaA for about 3.4 billion euros ($4.21 billion).

The acquisition enables P&G to add to its portfolio of existing consumer healthcare capabilities and brands such as Vicks, Metamucil, Pepto-Bismol, Crest and Oral-B.

(This story corrects to say “to acquire” not “acquires” in headline and first paragraph; also adds German in headline)

(Reporting by Shalini Nagarajan in Bengaluru; Editing by Sunil Nair)

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