More on Procter & Gamble's pet food exit


The deal terms for the sale of the three Procter & Gamble (PG +0.8%) pet food brands also gives Mars the option to acquire the business in several European Union nations. If Mars doesn't buy out those assets, P&G says it will look for another buyer.

The divestiture of the pet care business isn't expected to have a material impact on earnings.

The companies expect the transaction to close in the second half of the year after regulators sign off on it.

From other sites
Comments (0)
Be the first to comment
DJIA (DIA) S&P 500 (SPY)
ETF Hub
ETF Screener: Search and filter by asset class, strategy, theme, performance, yield, and much more
ETF Performance: View ETF performance across key asset classes and investing themes
ETF Investing Guide: Learn how to build and manage a well-diversified, low cost ETF portfolio
ETF Selector: An explanation of how to select and use ETFs