Who did Proctor and Gamble hire to help them, none other than Goldman Sachs, anyone surprised here? It doesn’t look as though they are helping in the financing from what I read here, B of A and JP Morgan are the 2 leaders there. BD
Procter & Gamble May Be Looking Soon to Take Bids to Sell pharmaceutical unit
Here are a few of the Proctor and Gamble drugs:
Actonel® (risedronate sodium tablets)
Actonel® with Calcium (risedronate sodium tablets with calcium carbonate)
Asacol® (mesalamine delayed release tablets)
Didronel® (etidronate disodium tablets)
Macrobid® (nitrofurantoin monohydrate/macrocrystals capsules)
Macrodantin® (nitrofurantoin macrocrystals capsules)
PHILADELPHIA (Reuters) - Warner Chilcott Ltd, a specialty drug maker, is acquiring Procter & Gamble Co's prescription drug business for about $3 billion, a source familiar with the matter said on Sunday.
A transaction may be announced as soon as Monday, said the source who declined to be identified because the deal is not yet public.
Six lenders led by Bank of America Corp and JPMorgan Chase & Co will provide up to $4 billion of financing, including $1 billion to refinance Warner Chilcott debt, the source said.
Warner Chilcott to buy P&G unit for $3 bln: source | U.S. | Reuters
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