Gillette minus Rembrandt
This article was originally published in The Tan Sheet
Executive Summary
Procter & Gamble is granted conditional approval of its proposed acquisition of Gillette by FTC, "provided the companies divest a variety of overlapping assets," including the Rembrandt at-home teeth whitening business, the commission announces Sept. 30. FTC also calls on P&G to sell Right Guard men's antiperspirant and deodorant business to avoid suppressing competition in those market sectors. P&G said in September it would sell the Crest SpinBrush business under a requirement by the European Commission (1"The Tan Sheet" Sept. 19, 2005, In Brief)...