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

DI

Technorati Tags: , ,

Advertisements

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s

 
%d bloggers like this: