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Merck to sell consumer care business to Bayer for $14 bln
May 6, 2014 / 10:11 AM / 3 years ago

Merck to sell consumer care business to Bayer for $14 bln

May 6 (Reuters) - Merck & Co Inc said it would sell its consumer care business to Germany’s Bayer AG for $14.2 billion.

Merck said it expects after-tax proceeds of between $8 billion and $9 billion from the sale.

The deal is expected to close in the second half of 2014.

Reporting by Esha Dey in Bangalore; Editing by Sriraj Kalluvila

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