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Last Updated: Friday, 2 June 2006, 06:25 GMT 07:25 UK
Glaxo 'mulls bid for Pfizer unit'
Listerine
Listerine is one of the Pfizer brands up for sale
Pharmaceuticals giant GlaxoSmithKline is set to bid more than $15bn (8bn) for part of its rival Pfizer, according to a report.

Glaxo wants Pfizer's $4bn-a-year "over the counter" consumer healthcare business, which includes Listerine and Nicorette, the Financial Times said.

Glaxo's own consumer healthcare arm includes brands such as Panadol and Aquafresh toothpaste.

The FT said Glaxo refused to comment on whether it would bid for the business.

The paper added that Colgate-Palmolive and Johnson and Johnson were among other firms likely to be interested.

Last year Glaxo lost out to Reckitt Benckiser in its attempt to buy Boots International - the maker of Nurofen and Strepsils.


SEE ALSO:
Glaxo 'won't be driven out of UK'
17 May 06 |  Business
Glaxo and Astra drug profits soar
27 Apr 06 |  Business
Glaxo agrees US Paxil settlement
29 Mar 06 |  Business
Glaxo in $50m Croatian drug deal
14 Feb 06 |  Business
Reckitt Benckiser buys Boots unit
07 Oct 05 |  Business


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