BIC won’t get Schick
This article was originally published in The Rose Sheet
Executive Summary
BIC out of running for Pfizer's Schick-Wilkinson shaving business due to possible regulatory hurdles, BIC announces Sept. 3. BIC contacted Pfizer after shaving business was put up for sale, but the pharmaceutical giant said it would not pursue a deal with BIC because it would take longer to obtain regulatory approval than if it proceeded with other potential buyers, BIC says. BIC will move forward with plans to enter triple-blade razor category with scheduled launch of BIC Comfort 3 Shaver in first quarter 2003, firm adds. Pfizer announced its desire to divest Schick in June (1"The Rose Sheet" July 1, 2002, In Brief)...
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