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Key Developments: Procter & Gamble Co (PG)

PG on New York Consolidated

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28 Apr 2016
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Latest Key Developments (Source: Significant Developments)

Procter & Gamble Co declares dividend
Friday, 8 Apr 2016 04:01pm EDT 

Procter & Gamble Co:Declares dividend increase.Says increased quarterly dividend of $0.6695 per share on the common stock, represents a 1 percent increase.  Full Article

Procter & Gamble Co - Lawsuit over Duracell batteries guarantee is thrown out - Reuters News
Wednesday, 16 Mar 2016 11:00am EDT 

Procter & Gamble Co:A federal judge threw out a lawsuit accusing Procter & Gamble Co of misleading consumers by guaranteeing that Duracell batteries would not fail for 10 years, when in fact the batteries might leak when used or stored normally - RTRS.In a decision late Tuesday night, U.S. District Judge Lucy Koh in San Jose, California, rejected claims in the proposed class-action lawsuit that P&G and its Gillette unit defrauded consumers in ads and packaging for Coppertop batteries containing "Duralock Power Preserve" technology.Koh said reasonable consumers would understand that P&G's representation that the batteries were "guaranteed for 10 years in storage" was a warranty to repair, replace or refund batteries that failed within that timeframe, and not a promise that the batteries "have no potential to leak.".She also said in her 33-page decision that the complaint did not identify any cause, including any design or manufacturing defect, as to why the batteries might leak.Warren Buffett's Berkshire Hathaway Inc BRKa.N bought the Duracell business from Cincinnati-based P&G on Feb. 29.Six law firms filed the lawsuit on behalf of the plaintiff Renee Punian of San Jose, who said she would not have paid a "premium price" for the batteries had she known they might leak.Lawyers for Punian could not immediately be reached for comment on Wednesday. P&G had no immediate comment.  Full Article

Procter & Gamble Company divests Hipoglós Brand to Johnson & Johnson Consumer Inc
Wednesday, 2 Mar 2016 09:00am EST 

Procter & Gamble Company:Says divests Hipoglós Brand to Johnson & Johnson Consumer Inc.Says transaction, for an undisclosed amount, is expected to close in the next 4 to 6 months.  Full Article

Procter & Gamble Company divests escudo soap brand to Kimberly Clark-de Mexico
Monday, 22 Feb 2016 04:00pm EST 

Procter & Gamble Company:The sale of its Escudo soap brand in Mexico and other Latin American countries to Kimberly-Clark de México S.A.B. de C.V.The transaction, for an undisclosed amount, is expected to close during the first half of 2016 subject to necessary regulatory approvals.  Full Article

Procter & Gamble Co reaffirms FY 2016 organic sales and core EPS guidance
Tuesday, 26 Jan 2016 07:00am EST 

Procter & Gamble Co:Reaffirms FY 2016 outlook for organic sales growth of in-line to up low-single digits versus fiscal 2015.Expects FY 2016 all-in sales to be down high-single digits.Reaffirms FY 2016 constant currency core EPS growth of mid-to-high single digits.Expects FY 2016 core EPS, including foreign exchange impacts, is now projected to be down three percent to eight percent versus last year's core EPS of $3.76.  Full Article

Procter & Gamble Co declares quarterly dividend
Tuesday, 12 Jan 2016 08:00am EST 

Procter & Gamble Co:Declares quarterly dividend of $0.6629 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 February 16, 2016, to Common Stock shareholders of record date on January 22, 2016, and to Series A and Series B Preferred Stock shareholders of record date on January 22, 2016.  Full Article

Procter & Gamble Co's Gillette files patent infringement lawsuit against dollar shave club
Thursday, 17 Dec 2015 09:00am EST 

Procter & Gamble Co, through its wholly owned subsidiary The Gillette Company:Files lawsuit in the District of Delaware against Dollar Shave Club, a marketer and retailer of shaving products.Lawsuit alleges that Dollar Shave Club is violating Gillette's intellectual property by selling its infringing razors.Lawsuit cites unauthorized use of patented technology, which is prohibited by law, and is intended to protect Gillette's significant investment in razor technology.  Full Article

ChromaDex, Inc enters joint development agreement with Procter & Gamble
Thursday, 5 Nov 2015 08:00am EST 

ChromaDex, Inc:Entered into a joint development agreement with the Procter & Gamble Company.Says will provide P&G exclusivity to its new proprietary ingredient for use in P&G branded products.P&G will make an undisclosed up-front payment to Chromadex as well as other payments based on achievement of various milestones.  Full Article

Procter & Gamble Co reaffirms FY 2015 guidance
Friday, 23 Oct 2015 07:00am EDT 

Procter & Gamble Co:Maintained its FY 2015 outlook for organic sales of in-line to up low single digits.Maintained its FY 2015 guidance for core earnings per share of slightly below to up mid-single digits versus fiscal 2015 restated core EPS of $3.76.  Full Article

Procter & Gamble Co declares quarterly dividend
Tuesday, 13 Oct 2015 09:29am EDT 

Procter & Gamble Co:Declared a quarterly dividend of $0.6629 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 November 16 to Common Stock shareholders of record at the close of business on October 23.Says Series A and Series B Preferred Stock shareholders of record at the start of business on October 23.  Full Article

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P&G profit beats estimates on cost cuts, price hikes

Procter & Gamble Co , the maker of Tide detergent and Gillette shaving products, reported a better-than-expected quarterly profit, boosted by cost-cutting and higher selling prices. | Video

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