SmithKline Beecham
This article was originally published in The Tan Sheet
Executive Summary
Will concentrate "resources and investment on . . . core health care businesses" -- OTCs, oral care products and health- related drinks -- with the sale of the company's bath/body care brands to Sara Lee Corp. for $ 320 mil. and its hair care brands to Wella AG for an estimated $ 90 mil. The transactions mark the sale of all of SB's toiletries brands, the company said June 9. SB said it plans to expand its consumer health care business "through the growth of existing brands, conversion of prescription medicines to OTC status, and through strategic alliances and acquisitions"
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