TITLE

Bayer's Schering scheme rules it out of Pfizer bid

PUB. DATE
June 2006
SOURCE
ICIS Chemical Business;6/12/2006, Vol. 1 Issue 23, p4
SOURCE TYPE
Trade Publication
DOC. TYPE
Article
ABSTRACT
The article reports on the bid proposal of Bayer for the acquisition of the over-the-counter drugs business of Pfizer, which is Schering. Before the proposed Schering deal, Bayer had been concentrating on building its over-the-counter segment, and is believed to have bid for the Boots activities that later went to Reckitt Benckiser. Bayer chairman Werner Wenning said that they are convinced that the merger will create a healthcare heavyweight of international standing.
ACCESSION #
21428399

 

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