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Bayer to acquire consumer-care business of Merck & Co. for $14.2 billion

5:39 AM MDT | May 6, 2014 | Deepti Ramesh

Bayer announced today that it has agreed to acquire the consumer-care business of pharmaceutical company Merck & Co. (Whitehouse Station, NJ), for $14.2 billion in cash. Bayer, at the end of April, had declined to comment on a Reuters report about the possible acquisition. The acquisition will give Bayer the global number-two position in OTC products following recently announced consolidations in this highly attractive and growing health-care segment and will significantly enhance Bayer’s business across multiple therapeutic categories and geographies...

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