Source Pravda.Ru

Procter & Gamble Co announces acquisition of Frederic Fekkai & Co

Procter & Gamble Co. (P&G, NYSE: PG), a Fortune 500, American global corporation, announced its decision on Tuesday to acquire hair-care products maker Frederic Fekkai & Co.

The terms of the deal were not revealed but Procter & Gamble explained its plans by desire to expand its portfolio facing the onrush of beauty business.

The New York Stock exchange indicated the fall of P&G shares by 38 cents at $69.59 on Tuesday.

Photo: www.hnip.net

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