Key Developments: Procter & Gamble Co (PG.N)

PG.N on New York Stock Exchange

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26 Dec 2014
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Latest Key Developments (Source: Significant Developments)

Procter & Gamble Co announces sale of camay and zest brands to Unilever
Monday, 22 Dec 2014 12:00pm EST 

Procter & Gamble Co:Announces that the sale of its Camay and Zest brands along with the transfer of a manufacturing facility in Mexico to Unilever for an undisclosed amount.Says the transaction is expected to close during the first half of 2015 subject to necessary regulatory approvals.Deal involves the global sale of the Camay brand, the sale of the Zest brand outside of North America and the Caribbean and the sale of the Talisman manufacturing facility in Mexico.  Full Article

Completes acquisition of The Procter & Gamble Company's pet food business in Australia and New Zealand
Sunday, 30 Nov 2014 05:00pm EST 

The Procter & Gamble Company:Says that Mars, Incorporated has successfully completed its acquisition of the IAMS and EUKANUBA brands from The Procter & Gamble Company in Australia and New Zealand.Says this follows an agreement announced by the companies earlier in 2014 and receipt of all necessary regulatory approvals.Says Mars has already acquired Procter & Gamble's pet food business in North America, Latin America and other select countries.  Full Article

Procter & Gamble Co sells Romania detergent factory-Dow Jones Institutional News
Thursday, 13 Nov 2014 11:04am EST 

Procter & Gamble Co (P&G):The company sold its detergent factory in Timisoara, western Romania, to German group Dalli, which makes private label products, P&G officials told news agency Mediafax-Dow Jones Institutional News.The transfer includes both the factory and all P&G's equipment and assets within the factory, except for the production line of ACE laundry bleach, which made the object of a previous transfer contract, said Cornelia Sofronie, communications senior manager with P&G in Romania.Upon the completion of the contract, the plant will continue to produce P&G detergents for three more years and dish-washing detergent for two more years, Sofronie also said without giving any financial details regarding the agreement, invoking confidentiality.P&G made laundry detergents in Timisoara under the brands Ariel, Tide and Bonux, and Fairy dish-washing detergent, which it sold both locally and exported throughout the region.P&G has been present in Romania since 1992 and bought the detergent factory in Timisoara in 1995, in an initial investment of over $40 million.In 2010, P&G opened a $100 million manufacturing plant in Urlati, Prahova county, where it makes shampoos and hair care products.This was the group's first green-field investment in Romania.Dalli Group is a private label brand manufacturer of laundry and dish-washing detergents and cosmetics.Its products are manufactured in seven locations in Germany, the Netherlands, Spain and Austria.  Full Article

Procter & Gamble Co reiterates FY 2015 guidance
Friday, 24 Oct 2014 07:03am EDT 

Procter & Gamble Co:Reiterates organic sales growth and core earnings per share growth guidance ranges for FY 2015.Continues to expect FY 2015 organic sales growth in low-to-mid single digit range.Expects FY 2015 net sales growth to be in-line to up low single digits versus FY 2014, including negative two point impact from foreign exchange.Reported net sales of $83.1 bln and earnings per share of $4.22 in FY 2014.FY 2015 revenue of $83.5 bln and EPS of $4.40 - Thomson Reuters I/B/E/S.  Full Article

Procter & Gamble Co declares quarterly dividend
Tuesday, 14 Oct 2014 09:43am EDT 

Procter & Gamble Co:Declared a quarterly dividend of $0.6436 per share on the Common Stock and on the Series A and Series B ESOP Convertible Class A Preferred Stock of the company.Payable on or after Nov. 17, to Common Stock shareholders of record at the close of business on Oct. 24, and to Series A and Series B Preferred Stock shareholders of record at the start of business on Oct. 24.  Full Article

Spectrum Brands Holdings Inc to acquire Procter & Gamble's European Pet Food Business
Tuesday, 23 Sep 2014 07:45am EDT 

Spectrum Brands Holdings Inc:Signs definitive agreement to acquire Procter & Gamble's European pet food business, consisting of the complementary IAMS and Eukanuba premium brands for dogs and cats.Says financial terms of the transaction were not disclosed.  Full Article

Mars, Incorporated completes acquisition of Procter & Gamble's Pet Food Business in major markets
Friday, 1 Aug 2014 11:01am EDT 

Mars, Incorporated:Completes acquisition of the IAMS, EUKANUBA and NATURA brands in North America, Latin America and other select countries from Procter & Gamble Company.This follows an agreement announced by the companies in April 2014 and receipt of all necessary regulatory approvals.  Full Article

Procter & Gamble Co gives FY 2015 guidance below analysts' estimates
Friday, 1 Aug 2014 07:00am EDT 

Procter & Gamble Co:Expects FY 2015 organic sales growth in low-to-mid single digit range.Expects FY 2015 net sales growth to be in low single digit range, including negative one point impact from foreign exchange.Expects FY 2015 core earnings per share (EPS) to grow in range of mid-single digits.Expects FY all-in GAAP diluted net earnings per share to grow in range of mid-single digits, including about $0.20 per share of non-core restructuring charges.Reported net sales of $83.1 bln and core earnings per share of $4.22 in FY 2014.FY 2015 revenue of $86. 0 bln and EPS of $4.51 - Thomson Reuters I/B/E/S.  Full Article

Procter & Gamble Co declares quarterly dividend
Tuesday, 8 Jul 2014 07:00am EDT 

Procter & Gamble Co:Declares quarterly dividend of $0.6436 per share on common stock and on the Series A and Series B ESOP Convertible Class A Preferred Stock of company.Payable on or after Aug. 15 to common stock shareholders of record at close of business on July 18 and to Series A and Series B Preferred Stock shareholders of record at the start of business on July 18.  Full Article

Summit Partners to acquire MDVIP from Procter & Gamble
Friday, 2 May 2014 08:34am EDT 

Growth equity investor Summit Partners:Entered into an agreement to acquire MDVIP from Procter & Gamble Co.Agreement is expected to close shortly subject to standard regulatory approvals.  Full Article

Deals of the day- Mergers and acquisitions

(Adds American Apparel, Goldman Sachs, Procter & Gamble and others)

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