Procter & Gamble (PG -0.3%) buys the remaining 50% stake of a joint venture with Spain's...

Procter & Gamble (PG -0.3%) buys the remaining 50% stake of a joint venture with Spain's Agrolimen Group for $1B, a move PG says fits with its strategy shift to focus on its largest businesses such as feminine-care and baby-care products. The venture sells products such as Dodot diapers and Kandoo baby wipes in Spain, Portugal and other markets.

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Comments (4)
  • mike8599
    , contributor
    Comments (588) | Send Message
    Putting Ackman's money to work..... I wonder if this is what he had in mind.
    20 Jul 2012, 01:19 PM Reply Like
  • Robert Peck
    , contributor
    Comments (198) | Send Message
    I don't recall feminine-care products being one of Ackman's hot buttons in his previous acquisition attempts?


    I don't think very many PG loyalist shareholders (and there are plenty of us) are going to be interested in a "throw the Baby or Bob our with the bathwater" approach.


    And I don't think he wields much influence with just 1%, unless he could win over a lot of those loyalists. The burden of proof on that will be his burden to carry!
    20 Jul 2012, 02:41 PM Reply Like
  • Sonia
    , contributor
    Comments (440) | Send Message
    PG, doing what they do best!
    20 Jul 2012, 03:33 PM Reply Like
  • marilyn61
    , contributor
    Comments (173) | Send Message
    Nice to see some confidence in Europe from such a large company as PG. Lets hope this is justified.
    21 Jul 2012, 02:14 AM Reply Like
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