P&G to acquire consumer health unit of Germany's Merck for about $4.21 bn

Procter & Gamble Co said on Thursday it has signed an agreement to acquire the consumer health business of German pharmaceuticals company Merck KGaA for about $4.21 billion (3.4 billion euros).

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.http://www.business-standard.com/article/international/p-g-to-acquire-german-merck-s-consumer-health-business-for-about-4-21-billion-118041900220_1.html