Pharmaceutical company Pfizer Inc. received bids worth more than $14 billion for its consumer products business, which includes brands such as Listerine mouthwash and Lubriderm skin lotion, according to a published report.
The bidders included GlaxoSmithKline PLC, Johnson & Johnson and Reckitt Benckiser PLC, the British company that makes Lysol, Woolite and other household cleaning products, according to the report Wednesday in The New York Times, which quoted unnamed people involved in the auction.
Pfizer, Johnson & Johnson, Glaxo and Reckitt Benckiser all declined to comment on the report.
Last February, Pfizer announced it would try to sell the unit in an effort to refocus energy on its prescription drug business. Pfizer is the world’s largest pharmaceutical company and Glaxo is the second biggest.
The New York Times said consumer products company Procter & Gamble Co. and many private equity firms passed on the deal because it was too expensive.
Pfizer has said it will announce its decision about the unit in the third quarter. It had also been considering spinning it off or keeping it.