Consumer
Sanofi Is Said to Ask Bidders to Revise Consumer Health Offers
The Opella business sells over-the-counter products including Cenovis vitamins, DulcoLax constipation relief and Icy Hot pain relief gels.
Photographer: Andrzej Rostek/iStockphoto/Getty Images
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Sanofi has asked bidders to revise their proposals for its consumer health unit, people with knowledge of the matter said, as it considers whether to seek a sale or listing of the business.
The French company asked suitors to submit revised bids for the Opella business in the coming days, the people said, asking not to be identified because the information is private. The request gives bidders the chance to either improve their proposals or provide additional clarity on specific terms under negotiation, according to the people.