Saturday, October 01, 2016 6:55:50 PM
With Pfizer announcing plans that they will no longer breakup their Consumer Health division, another viable option for Reckitt has been taken off the table. My guess is they have been kicking the tires on both options for several months. In my estimation, there are fewer and fewer Consumer Health Divisions that fit the bill that Benckiser is looking to acquire.
This move may entice them to act, now that the other Potential target is off the table until at least 2018.
PRGO is in the Cross-hairs for them IMO :)
See Below.
http://www.iol.co.za/business/international/pfizer-drops-plan-to-break-up-company-2073247
http://www.bloomberg.com/news/articles/2015-12-04/reckitt-benckiser-ceo-would-look-at-buying-pfizer-consumer-unit
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