According to Bloomberg, German corporation Bayer is bidding on Pfizer’s animal-health unit.
Bayer’s chief financial officer said last month that the company planned to cut its debt by $1.3 billion to give it more flexibility for a potential takeover.
According to the report, the Pfizer unit could fetch between $14 billion and $18 billion.
See the report here:
Bayer is the manufacturer of Yaz, Yasmin, Beyaz, and Ocella — birth control pills that contain the compound drospirenone.
Those pills have served as the ...
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