Dental Insider Blog

Observation and Commentary On the Dental Industry

J&J to buy Pfizer’s Consumer Healthcare Unit

Posted by dentalinsider on June 26, 2006

Listerine may have finally found a home. It has been bounced around from Waner-Lambert to Pfizer and now to Johnson and Johnson.

NEW YORK/LONDON (Reuters) – Johnson & Johnson (NYSE:JNJ – news) agreed to buy Pfizer Inc.’s (NYSE:PFE – news) consumer health-care business for $16.6 billion in cash on Monday to increase its lead in the market for non-prescription health products.

The agreement completes a review of strategic options that Pfizer initiated in February for the unit, whose brands include Listerine mouthwash, Sudafed decongestant and Nicorette smoking cessation products.

Read more of the story here


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