Procter & Gamble Co. is taking a sharp turn from trimming its product portfolio and streamlining its operations with an agreement to acquire Merck KGAA's dietary supplement and OTC drug lines, a move that will increase the size of P&G's consumer health business by 50%.
The planned €3.4bn ($4.2bn) all-cash acquisition announced April 19 will extend P&G's consumer health business into new product categories while...






