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WSJ: P&G to name Robert McDonald CEO (from Corporate Dealmaker)

Consumer conglomerate Procter & Gamble Co. (NYSE:PG) will replace nine-year CEO A.G. Lafley with Robert McDonald, The Wall Street Journal reports. No announcement was made at the board meeting Tuesday, but McDonald's appointment is expected.The Journal said people familiar with the matter noted Lafley (pictured left) would remain chairman...

Posted on June 9, 2009 9:30 AM

P&G grows haircare unit, buys company that targets thinning hair (from Corporate Dealmaker)

Procter & Gamble Co. continues to recalibrate its portfolio by shedding slow-growth brands and buying up higher-margin products. On Wednesday the consumer products giant closed its acquisition of haircare product maker Nioxin Research Laboratories Inc. for an undisclosed amount. Nioxin's products are designed to improve the appearance of thinning hair...

Posted on September 3, 2008 3:42 PM

Smucker's Crisco-Jif deal a prologue to Folgers buy (from Corporate Dealmaker)

Buckeyes Procter & Gamble Co and J.M. Smucker Co. have a long history. And Cincinnati's P&G is hoping Folgers, which it acquired in 1963, will be a profitable strategic addition to Orville, Ohio-based J.M. Smucker's portfolio. P&G shareholders are receiving about 53.5% of Smucker. The deal, after all, is for...

Posted on June 4, 2008 2:49 PM

Smucker to get Folgers in its cup (from Corporate Dealmaker)

Procter & Gamble Co. is selling its Folgers coffee unit -- after having considered a spinoff -- to Orrville, Ohio-based J.M. Smucker Co. in an all-stock reverse Morris Trust transaction valued at about $3.3 billion, including the assumption of an estimated $350 million of Folgers debt. Folgers joins a portfolio...

Posted on June 4, 2008 8:56 AM