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Pfizer/Pharmacia deal

Executive Summary

Pharmaceutical firm to acquire Rogaine hair regrowth business and other OTC treatment products such as the Nicorette smoking cessation brand as part of the company's Rx-driven acquisition of Pharmacia. With $732 mil. in revenue in 2001, Pharmacia's OTC business will be folded into Pfizers significantly larger consumer health operations, Pfizer Chairman and CEO Hank McKinnel said during a 1July 15 merger briefing. Pfizer Consumer Healthcare, with sales of $2.45 bil. in 2001, includes Listerine mouthwash and Benadryl allergy remedies. Pfizer planning to acquire Pharmacia in a $60 bil. stock-for-stock transaction...
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