Seeking Alpha

Kao Corp. ADR (KCRPY)

- OTCPK - Current
  • Wed, Apr. 8, 11:17 AM
    • Procter & Gamble (PG +0.4%) has started the process to take offers for its Wella haircare business, sources tell Bloomberg.
    • The sale of the unit could fetch as much as $19B in one deal or several piecemeal transactions.
    • Henkel (OTCPK:HENKY, OTCPK:HENOY), OTC:HELKF, Revlon (REV +1%), Unilever (UL -0.1%), Coty (COTY -1.2%), and Kao Corp. (OTC:KAOCF, OTCPK:KCRPY) are reported to be in the running.
    • P&G in the midst of a large brand-shedding initiative which is expected to leave it leaner and more efficient.
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Company Description
Kao has four business segments: the Beauty Care Business, the Human Health Care Business, the Fabric and Home Care Business and the Chemical Business. The Beauty Care Business segment manufactures and sells cosmetics, skin care and hair care products. The Human Health Care Business segment... More
Sector: Healthcare
Country: Japan