|July 3, 2014|
|13:57 EDT||CORI, PG||Corium, Procter & Gamble extend supply pact through January 2017 |
Corium disclosed in a regulatory filing that on June 30 Corium International (CORI) and The Procter & Gamble Company (PG) entered into a restatement of their commercial supply agreement dated June 4, 2010 to, among other things, extend the term of the agreement through January 31, 2017. Pursuant to the Restated Supply Agreement, the Company produces and supplies to P&G oral care products that are sold under the brand name Crest Whitestrips.
News For CORI;PG From The Last 14 Days
Check below for free stories on CORI;PG the last two weeks.
|September 25, 2014|
|10:28 EDT||PG||Procter & Gamble, Hasbro face tax probe in Mexico, Reuters says|
Mexico's Oscar Molina, who previously said seven multinationals were the focus of a government probe of companies that may have been exploiting loopholes to avoid paying sufficient taxes, has now said he is in advanced discussions with two companies to pay more tax for prior years, and five sources have told Reuters those two are Procter & Gamble (PG) and Hasbro (HAS). Reference Link
|September 24, 2014|
|06:42 EDT||PG||More e-commerce start-ups undercutting established firms, NY Times says|
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|September 23, 2014|
|09:01 EDT||PG||District court rules in favor of P&G on patent infringement case|
In a series of rulings this summer, culminating with a ruling issued on September 15th, the federal District Court for the Southern District of Ohio ruled that Clio USA’s tooth whitening strip products infringe several P&G patents related to P&G’s Crest Whitestrips products. The Court also rejected Clio’s arguments that the patents are invalid.
|08:00 EDT||PG||Spectrum Brands to acquire P&G's European pet food business|
Procter & Gamble (PG) announced that Spectrum Brands (SPB) has agreed to buy IAMS and EUKANUBA brands in Europe for an undisclosed amount. In April, P&G announced the sale to Mars of 80% of its global Pet Care business, including North America and Latin America. Europe was not included in that deal with the exception of Russia and Turkey. Mars later agreed to buy an additional 10% of the business in additional markets including Japan, Australia and South Africa. With the Spectrum transaction, P&G now has closed deals or reached agreements to sell 100% of its Pet Care business. The deal will close in 2015, subject to regulatory approvals. The geographic regions included in the acquisition, which account for approximately 10% of P&G’s former pet care global sales, include 42 markets throughout Europe. The business has approximately $200M of annual sales and will provide Spectrum Brands’ United Pet Group division access to the $21B European dog and cat food market which is growing at an estimated 3%-5% annually. The acquisition has been approved by Spectrum Brands' board.
|September 20, 2014|
|22:05 EDT||PG||Clorox turned down offer to sell or merge with rival, NY Post says |
In the last three to six months consumer packaged-goods company Clorox (CLX) turned down an offer from a rival interested in a sale or merger, says the NY Post, citing sources. The NY Post added that logical suitors for Clorox include Church & Dwight (CHD), Procter & Gamble (PG), Jarden (JAH) and Unilever (UN,UL). Reference Link
|September 16, 2014|
|05:46 EDT||PG||Stocks with implied volatility movement; BP PG|
Stocks with implied volatility movement; BP (BP) 18, Procter & Gamble (PG) 12 according to iVolatility.