P&G to acquire Merck's consumer health business for about $4.21b

P&G to acquire Merck's consumer health business for about $4.21b

A file photo of Procter & Gamble's downtown Cincinnati headquarters. Photo: Bloomberg

Procter & Gamble Co agreed to acquire the consumer health business of German pharmaceuticals company Merck KGaA for about 3.4 billion euros ($4.21 billion) in cash, the companies said on Thursday.

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