GSK And Reckitt Opting Out Of Pfizer's Consumer Business Sale Speaks Volumes
Reckitt and GSK withdraw from negotiating on potential deals for with Pfizer's consumer business, leaving slim chances Pfizer will receive an acceptable offer from other drug firms mentioned as potential suitors for the business, which it has valued at around $20bn. A spin-off could move to the fore.
Chances are growing that Pfizer Inc. will opt to spin-off rather than sell its consumer business after two of the largest firms with interest in making a deal backed away.
Reckitt Benckiser Group PLC and GlaxoSmithKline PLC have announced they withdrew from negotiating with Pfizer on potential deals...