Procter & Gamble Still On The Hunt For Acquisitions
By Gordon Wilcox
November 20, 2009 2:52 PM
November 20, 2009 2:52 PM
Procter & Gamble (NYSE: PG), the Dow component and the world's largest maker of consumer staples items, said it is still interested in acquisitions to fill voids in its consumer products portfolio.
Jon Moeller, P&G's CFO, told analysts the company would consider additions to its household brands, beauty products, or personal health care lines. We mentioned earlier this week that P&G might be interested in Sara Lee's (NYSE: SLE) air freshner business.
Moeller was clear to say that P&G would not pursue hostile bids.
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