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Bayer Closes $589 Million Acquisition of China OTC/TCM Maker

publication date: Nov 4, 2014
Bayer AG closed its $589 million acquisition of China's Dihon Pharmaceutical Group, a privately held healthcare products company. Dihon specializes in OTC dermatology products and TCM products for women’s health. The deal was originally announced in February. Bayer is an active M&A player in OTC healthcare: last month, Bayer completed its $14.2 billion acquisition of Merck's global healthcare products business. More details....

Stock Symbols: (XETRA: BAYN) (NYSE: MRK)

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