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Article: EU OKs Boots takeover by Reckit Benckiser.(Reckitt Benckiser PLC to acquire Boots Healthcare International)(Brief Article)
- Article from:
- Pharma Marketletter
- Article date:
- January 16, 2006
CopyrightCOPYRIGHT 2006 Marketletter Publications Ltd. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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The European Commission has cleared the proposed acquisition of Boots Healthcare International by fellow UK-based Reckitt Benckiser (Marketletters passim). The EC said it has "carefully investigated the markets where the parties' activities overlap and considers that the operation will not significantly impede effective competition" in the European Economic Area or any substantial part.
In the health and personal care sector, Reckitt Benckiser's best known brands include Lemsip (cold and flu remedies), Dettol (disinfectant), Gaviscon (indigestion treatment) and Veet (depilatories). Before the transaction, BHI was part of the Boots Group and its most successful ...