Pfizer Receives Bids for Its Candy Unit
Pfizer Inc. got at least two offers -- from Cadbury Schweppes and Nestle -- for its Adams candy business, which may fetch more than $4 billion, sources said.
New York-based Pfizer, the world’s biggest drug maker, said four months ago that it wanted to sell Adams and its Schick razor unit to focus on the pharmaceutical business.
Pfizer also said it is selling its Tetra aquarium and pond supply business for $238.5 million to the Triton Fund, a European investment fund.
Pfizer shares closed up $1.02 at $33.64 on the NYSE.
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