Merck sells consumer unit to Bayer for $14B

Merck & Co Inc has agreed to sell its consumer care business to Germany's Bayer AG for $14.2 billion, the companies said on Tuesday, adding to a string of major cross-border healthcare deals.
Background:
Merck & Co sells consumer unit to Bayer for $14 billion [Reuters]
Bayer to buy Merck & Co. for $14.2B [AP]