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Pastimes : All Clowns Must Be Destroyed -- Ignore unavailable to you. Want to Upgrade?

To: Lucretius who wrote (2962)	1/19/2000 8:45:00 AM
From: MythMan	Read Replies (1) \| Respond to of 42523

>>Wednesday January 19, 7:26 am Eastern Time Report: Warner-Lambert, P&G in Talks Drugmaker Warner-Lambert Reportedly Discussing Deal With Procter & Gamble That Involves P&G Buying Warner and American Home Products NEW YORK (AP) -- Warner-Lambert held talks with Procter & Gamble to gauge interest in a possible three-way deal that would involve P&G buying both the drugmaker and American Home Products, The Wall Street Journal reported today. A deal was far from certain, and the level of P&G's interest was unclear, the newspaper said, citing sources familiar with the talks. It was unclear if talks were continuing. Warner-Lambert in November announced a merger with American Home Products, only to have the deal stalled when rival Pfizer launched a hostile bid for Warner-Lambert, maker of the blockbuster cholesterol drug Lipitor. Last week, Pfizer appeared to be the likely winner in the battle when Warner-Lambert executives bowed to investor pressure and said they would negotiate a buyout from Pfizer. The Journal said Warner-Lambert, maker of the blockbuster cholesterol drug Lipitor, and American Home also jointly approached rival drugmaker Bristol-Myers Squibb, which was uninterested in a three-way deal. Warner-Lambert is angling to get a higher price from Pfizer, whose bid is valued at about $77.8 billion, the Journal reported. Officials for P&G, Warner-Lambert and American Home all declined comment to the newspaper. Acquiring Warner-Lambert, American Home or both could make the consumer products company P&G a force in prescription pharmaceuticals as well. Warner-Lambert also makes Certs breath mints. American Home makes Advil, Anacin and Preparation H. Among P&G's products are Tide laundry detergent, Tampax tampons and Folgers coffee. << Spoos not ramped over this?