Pharma Deals Review, Vol 2009, No 9 (2009)

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P&G Sells Pharma Division to Focus on Consumer Business

Taskin Ahmed

Abstract


Procter & Gamble (P&G) agreed to sell its pharmaceuticals business to Warner Chilcott in a deal that could highlight the revival of bank financing for big deals and the need for companies to review their core business lines. P&G had been looking for buyers for the drug division in order to focus its energies on its consumer business.



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