Pfizer Sells Capsugel Unit to PE Firm for $2.38 Billion

Pfizer Inc (PFE) said Monday that it agreed to sell its Capsugel unit, which the firm described as an industry leader in hard capsules and an innovator in drug-delivery systems, to private equity group Kohlberg Kravis Robert & Co. [KKR] for $2.38 billion in cash. Pfezier, the world’s biggest drugmaker, said it will use the [...]