FTC on Rembrandt sale

Executive Summary

FTC is collecting public comment through Dec. 7 on the proposed divestiture of the Rembrandt toothpaste and tooth whitening business by Procter & Gamble and Gillette, the commission announces Nov. 8. The firms, who recently merged, submitted a petition to FTC requesting that the sale of the business be approved. P&G and Gillette announced the proposed sale of the brand to Johnson & Johnson's Personal Products Company in October after FTC required the business be divested in order to maintain competition in the industry (1"The Tan Sheet" Oct. 31, 2005, p. 7)...