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ELF SANOFI, BAYER AG ANNOUNCE INTEREST IN BIDDING FOR STERLING OTC COMPONENTS

This article was originally published in The Tan Sheet

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Executive Summary

ELF SANOFI, BAYER AG ANNOUNCE INTEREST IN BIDDING FOR STERLING OTC COMPONENTS in statements released shortly after Eastman Kodak's May 3 announcement that it is seeking buyers for its Sterling Winthrop prescription and OTC businesses. Sanofi is interested in purchasing Sterling's European prescription and OTC businesses, which it already manages under a 1991 alliance with Sterling. Bayer emphasized its interest in expanding its U.S. OTC business.

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This copy is for your personal, non-commercial use. For high-quality copies or electronic reprints for distribution to colleagues or customers, please call +44 (0) 20 3377 3183

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