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Deals Rumor Mill: Bristol-Myers Squibb, Aramco, Abraaj

By Adam Rhodes (July 5, 2018, 7:12 PM EDT) -- Bristol-Myers Squibb tapped Deutsche Bank and Jefferies to help it sell off its French over-the-counter drugs unit, Reuters reported on Thursday. Citing anonymous sources, the outlet reported that the unit could come with an up to €1.5 billion ($1.75 billion) price tag. Expected suitors include fellow drugmakers Mylan, Procter & Gamble and potentially Recordati, Reuters reported. According to the report, European companies backed by private equity firms are also expected to lob bids for the business....

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