Procter & Gamble Acquires Consumer Health Unit of Merck KGaA for $4.2B

The Procter & Gamble Company (NYSE:PG) On 4/19/18 announced it has signed an agreement to acquire the Consumer Health business of Merck KGaA, Darmstadt, Germany, for a purchase price of approximately 3.4 billion euro. This acquisition enables P&G to expand its successful consumer health care business by adding a fast-growing portfolio of differentiated, physician-supported brands across a broad geographic footprint.