Procter & Gamble Co (PG.N) Key Developments | Reuters.com
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Procter & Gamble Co (PG.N)

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Latest Key Developments (Source: Significant Developments)

Procter & Gamble Co declares 3 pct dividend increase
Friday, 17 Apr 2015 04:01pm EDT 

Procter & Gamble Co:Declared an increase in the quarterly dividend from $0.6436 to $0.6629 per share on its Common Stock and on the Series A and Series B ESOP Convertible Class A Preferred Stock of the Company.Payable on or after May 15, to Common Stock shareholders of record at the close of business on April 27, and to Series A and Series B ESOP Convertible Class A Preferred Stock shareholders of record at the start of business on April 27.  Full Article

Helen of Troy Ltd announces acquisition of Vicks VapoSteam Business from Procter & Gamble Company
Tuesday, 31 Mar 2015 05:35pm EDT 

Helen of Troy Ltd:Says it has, through its subsidiaries, acquired the Vicks VapoSteam U.S. liquid inhalant business from The Procter & Gamble Company (P&G), which includes a fully paid-up license to the Vicks VapoSteam trademarks.In a related transaction, the Company has also acquired a fully paid-up license of P&G's Vicks VapoPad trademarks for scent pads in the United States.Vast majority of Vicks VapoSteam and VapoPads are used in Vicks humidifiers, vaporizers and other health care devices already marketed by Helen of Troy.Transaction includes the acquisition of certain production assets and the inventory related to the above categories, as well as the right to use related intellectual property.VapoSteam acquisition is expected to be financed with the Company's revolving credit facility.  Full Article

Interparfums to acquire Rochas from Procter & Gamble
Thursday, 19 Mar 2015 03:29am EDT 

Interparfums SA:Has entered into an agreement with the Procter & Gamble Company to acquire the Rochas brand.The transaction is expected to be completed within the first half of 2015, subject to closing conditions.The acquisition will be payable in cash on the closing date for $108 million and financed entirely through a medium term loan.  Full Article

China fines Procter & Gamble Co's Crest nearly $1 mln over false advertising claims - Reuters
Monday, 9 Mar 2015 10:25pm EDT 

Procter & Gamble Co:Chinese authorities have fined Procter & Gamble Co's Crest toothpaste division nearly $1 mln for what regulators say is false advertising, according to Shanghai watchdog - Reuters.The company overplayed the effects of some of its toothpaste and used digital software to 'touch up' images used in advertising to make teeth look whiter, the Shanghai Administration for Industry & Commerce said.The regulator said it has fined Crest 6.03 mln yuan ($963,000).Crest said on its official Chinese microblog, the advert in question was pulled in the middle of last year, without disclosing whether it plans to contest the fine.  Full Article

Procter & Gamble Company declares quarterly dividend
Tuesday, 13 Jan 2015 04:15pm EST 

Procter & Gamble Company:Declares 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 Feb. 17, to Common Stock shareholders of record at the close of business on Jan. 23, and to Series A and Series B Preferred Stock shareholders of record at the start of business on Jan. 23.  Full Article

Spectrum Brands Holdings Inc completes acquisition of Procter & Gamble's Eukanuba Pet Food Business
Wednesday, 31 Dec 2014 04:00pm EST 

Spectrum Brands Holdings Inc:Completes the acquisition of Procter & Gamble's European pet food business, consisting of the complementary IAMS and Eukanuba premium brands for dogs and cats.Financial terms of the accretive transaction were not disclosed.Definitive agreement was announced on Sept. 23.  Full Article

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

BRIEF-P&G files for direct stock purchase plan of 14.5 mln shares

* Procter & Gamble Co files for direct stock purchase plan of 14,.5 million shares of its common stock - sec filing Source text: http://1.usa.gov/1WGF2p8 Further company coverage: (Bengaluru Newsroom +91 80 6749-1130; within U.S. +1 646 223 8780)