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P&G acquires Merck's consumer health business for about $4.21 billion

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Reuters
Last Updated : Apr 19 2018 | 9:55 AM IST

(Reuters) - Procter & Gamble Co said on Thursday it has acquired the consumer health business of German pharmaceuticals company Merck KGaA for about 3.4 billion euros ($4.21 billion).

The acquisition enables P&G to add to its portfolio of existing consumer healthcare capabilities and brands such as Vicks, Metamucil, Pepto-Bismol, Crest and Oral-B.

($1 = 0.8080 euros)

(Reporting by Shalini Nagarajan in Bengaluru; Editing by Sunil Nair)

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First Published: Apr 19 2018 | 9:46 AM IST

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