Source Pravda.Ru

Procter & Gamble to sell Rembrandt brand to Personal Products

Procter & Gamble Co. will sell its Rembrandt line of oral care products from its recently acquired Gillette division to Personal Products Co., a Johnson & Johnson company, the companies said Monday.

The value of the transaction _ in which Personal Products will acquire all Rembrandt products, including whitening toothpaste, whitening strips, whitening systems and mouth rinses _ was not disclosed.

Cincinnati-based Procter & Gamble was required to sell the line as part of its $57 billion (Ђ47.7 billion) acquisition of Boston-based Gillette Co., which closed Oct. 3. To receive Federal Trade Commission approval, P&G also agreed to sell Gillette's Right Guard's men's anti-perspirant and deodorant business.

European antitrust regulators previously required P&G to sell SpinBrush, a battery powered toothbrush, before they approved the deal.

Personal Products, a division of McNeil-PPC Inc., makes oral health products and women's sanitary protection products.

P&G is the world's largest maker of household products, including Tide detergent, Crest toothpaste and Folgers coffee.

P&G stock was up 33 cents to $55.14 in trading Monday on the New York Stock Exchange. The stock has traded between $50.53 and $59.56 in the past year.

Johnson & Johnson fell 28 cents to $63.79 on the NYSE, where it has traded between $56.70 and $69.99 in the past year, AP reported. V.A.

Several years ago, a prominent Indonesian businessman who now resides in Canada, insisted on meeting me in a back room of one of Jakarta's posh restaurants. An avid reader of mine, he 'had something urgent to tell me', after finding out that our paths were going to be crossing in this destroyed and hopelessly polluted Indonesian capital.

Capitalism reduced Indonesian cities to infested carcases

Several years ago, a prominent Indonesian businessman who now resides in Canada, insisted on meeting me in a back room of one of Jakarta's posh restaurants. An avid reader of mine, he 'had something urgent to tell me', after finding out that our paths were going to be crossing in this destroyed and hopelessly polluted Indonesian capital.

Capitalism reduced Indonesian cities to infested carcases
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