Haleon exploring sale of nicotine gum brand, Bloomberg reports

Haleon is working with an adviser to identify potential suitors for its Nicotinell brand of nicotine gum, patches and lozenges, Dinesh Nair of Bloomberg reports, citing people familiar with the matter. The business is attracting interest from both investment firms and consumer companies and could be worth as much as $800M in a sale, sources told Bloomberg. Deliberations are ongoing and no final decisions on a sale have been made, the people added.