FOX BIZ NEWS: Procter & Gamble pays $4.2 bln for unit of Germany's Merck

Procter & Gamble pays $4.2 bln for unit of Germany's Merck



German pharmaceutical and chemical company Merck says it has agreed to sell its global consumer health business to Procter & Gamble for 3.4 billion euros ($4.2 billion) in cash.