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Private equity firms Advent International and PAI Partners are among suitors that submitted first-round offers for French drugmaker Sanofi SA's consumer health division, according to people familiar with the matter. Buyout firm Clayton Dubilier & Rice has also put in an initial bid for the Sanofi business, which sells over-the-counter products including Phytoxil cough syrups and Icy Hot pain relief gels, the people said. Some of the proposals valued the unit at as much as €15 billion ($16 billion), the people said.
Posted In: SNY
