American City Business Journals
Bristol-Myers Squibb is considering the sale of its UPSA consumer health care division in France, and Procter & Gamble Co. could be among interested bidders. The deal added the Clairol, Aussie and Herbal Essences brands to P&G, which divested of the Clairol brand in 2016 as part of a deal with Coty. Inc. However, P&G declined to comment on whether it might like to buy UPSA, which stands for Union Pharmacologique Scientifique Appliquee. “As a matter of practice, we don’t comment on market speculation or rumor as it relates to M&A strategy,” P&G spokesman Damon Jones told me. The UPSA unit of Bristol-Myers Squibb, which the New York-based firm acquired in 1994, reportedly could sell for $1.8 billion.
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