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Report: Perrigo plans to bid for Merck KGaA's consumer health unit

Perrigo plans to bid for Merck KGaA's consumer health unit before Dec. 15, Reuters reported Dec. 14, citing anonymous sources.

According to Reuters, the U.S. drugmaker is preparing an indicative offer for the $4.7 billion business.

Nestlé SA and Stada Arzneimittel AG are also exploring preliminary bids for the consumer health unit.

JPMorgan, which is acting as Merck's financial adviser, plans to shortlist the bidders before the end of 2017, Reuters reported.