April 2, 2018 / 8:33 PM / a year ago

UPDATE 1-Allergan seeks options for women's health unit - Bloomberg

(Adds share price, details, unit sales)

April 2 (Reuters) - Allergan Plc is considering options for its women's health unit, including a sale, Bloomberg reported on Monday, citing people with knowledge of the matter.

A sale, which would likely attract interest from private equity firms, could value the business at more than $5 billion, according to the Bloomberg report. (bloom.bg/2pYuzK9)

The women's health unit, which makes oral contraceptive pills to menopause treatment, raked in $1.04 billion sales in 2017.

A decision on whether to pursue a sale hasn't been made and the Botox maker could choose to keep the business, Bloomberg reported. An Allergan spokeswoman declined to comment.

The company's shares closed at $162.27, and have fallen about 34 percent in the last twelve months. (Reporting by Akankshita Mukhopadhyay in Bengaluru; Editing by Shounak Dasgupta)

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