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Bayer sells Dr. Scholl's footcare brand to Yellow Wood Partners

FRANKFURT (Reuters) - Germany’s Bayer (BAYGn.DE) signed a deal on Monday to sell its Dr. Scholl’s footcare brand to U.S. private investment firm Yellow Wood Partners for $585 million, the second of two consumer care products it had put on the block.


Bayer, whose stock has slumped amid lawsuits over an alleged cancer-causing effect of its Roundup weed killer, struck a deal in May to sell U.S. sun care brand Coppertone to Nivea maker Beiersdorf (BEIG.DE) for $550 million.


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