Sanofi Set to Sign Consumer Health Deal With CD&R This Weekend

Sanofi is aiming to sign an agreement this weekend to sell control of its consumer health business to Clayton Dubilier & Rice, following a last-ditch attempt by a rival bidder to derail the deal, people with knowledge of the matter said.

The French pharmaceutical group’s board is scheduled to meet to discuss the planned transaction and finalize measures with CD&R to protect jobs and local plants, the people said, asking not to be identified because the information is private. Sanofi could announce the deal with buyout firm CD&R as soon as early next week, according to the people.

The ...