Wyeth Consumer Healthcare to purchase ThermaCare from Procter & Gamble

Wed. July 16, 2008; Posted: 05:41 AM

Jul 16, 2008 (M2 EQUITYBITES via COMTEX) -- WYE | Quote | Chart | News | PowerRating -- Wyeth Consumer Healthcare, a provider of non-prescription medicines, vitamins and nutritional products and a division of Wyeth (NYSE: WYE), declared on 15 July that the company has executed an agreement to acquire ThermaCare from Procter & Gamble (NYSE: PG). ThermaCare is an over-the-counter heat wrap. The wraps use heat therapy to relieve minor arthritis, muscle, joint and menstrual pain.

Wyeth will maintain the facility where the heat wraps are manufactured in Albany, Ga, at the end of the transaction. Reportedly, ThermaCare is currently sold in the United States, Canada, Germany, the United Kingdom, Ireland, Switzerland and Austria.

Comments on this story may be sent to admin@m2.com

For full details on Procter & Gamble Co (PG) click here. Procter & Gamble Co (PG) has Short Term PowerRatings of 6. Details on Procter & Gamble Co (PG) Short Term PowerRatings is available at This Link.

More News: Market Updates | Stock Alerts | All Trading News | Stock Index

Archives

Feedback

Email Article Link

Close X

RELATED SITES

Please call 1-213-955-5858 ext. 1

All analyst commentary provided on TradingMarkets.com is provided for educational purposes only. The analysts and employees or affiliates of TradingMarkets.com may hold positions in the stocks or industries discussed here. This information is NOT a recommendation or solicitation to buy or sell any securities. Your use of this and all information contained on TradingMarkets.com is governed by the Terms and Conditions of Use. Please click the link to view those terms. Follow this link to read our Editorial Policy.