Sara Lee Unloads European Drug Unit: Sara...
From Times Staff and Wire Reports
Sara Lee Unloads European Drug Unit: Sara Lee Corp. sold its European over-the-counter drug business, Nicholas, to Switzerland’s Roche Holding Ltd. in an $821-million deal, the companies announced. The transaction is consistent with Sara Lee’s international expansion of its personal products businesses, spokeswoman Denise Stovell said. “The over-the-counter business was never part of our strategy,” she said.
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