Innovation Pharmaceuticals Inc (IPIX)

[georgejjl]

Pfizer preparing to bid for IPIX

Pfizer Inc. PFE, +0.08% will begin the auction process for its consumer healthcare unit in November, which it hopes will end in a $15 billion sale, Reuters reported late Wednesday, citing sources close to the matter. GlaxoSmithKline PLC. GSK, -0.59% GSK, +0.08% and Reckitt Benckiser RB., -1.45% are among those companies that have said they would consider bidding for the Pfizer unit. One of the sources told Reuters that initial discussions with Reckitt have already happened. Other possible bidders may include Procter & Gamble PG, +0.95% Sanofi SA SAN, -1.29% SNY, -0.80% Johnson & Johnson JNJ, +0.14% and Nestle [s: ch:nesn], sources said. The companies have been contacted for comment.

https://www.marketwatch.com/story/pfizer-sets-date-for-auction-of-consumer-healthcare-unit-reuters-2017-10-26

Good luck and GOD bless,

George