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P&G Buys German Company Merck For $4.2 Billion

Procter & Gamble
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Provided

Cincinnati-based Procter & Gamble is buying Merck, a German consumer health business, for roughly €3.4 billion euro, or $4.2 billion."We like the steady, broad-based growth of the OTC health care market and are pleased to add the consumer health portfolio and people of Merck KGaA, Darmstadt, Germany, to the P&G family," P&G CEO David Taylor says in a statement.

The deal will allow the company to expand its consumer health care business by adding vitamin brands such as Seven Seas to its stable of brands that includes Pampers and Vicks cough and cold products.

As part of the deal, P&G will buy a majority stake in the German company's Indian consumer health businesses. It does not yet include Merck's French consumer health business, for which P&G has made a binding offer.

 

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Tana Weingartner earned a bachelor's degree in communication from the University of Cincinnati and a master's degree in mass communication from Miami University. Most recently, she served as news and public affairs producer with WMUB-FM. Ms. Weingartner has earned numerous awards for her reporting, including several Best Reporter awards from the Associated Press and the Ohio Society of Professional Journalists, and a regional Murrow Award. She served on the Ohio Associated Press Broadcasters Board of Directors from 2007 - 2009.
In 2005, Maryanne Zeleznik came to 91.7 WVXU from WNKU where she served as News and Public Affairs Director for 20 years. At WVXU she is responsible for all news and public affairs programming, hosts Morning Edition Monday through Friday, fills in to host Cincinnati Edition when Michael Monks is off. As time allows she covers daily news, produces local features, and contributes news stories to National Public Radio.