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Shares up on McDonald comments.
September 30, 2010
By: TOM BRANNA
Editor
The rumor mill is grinding away again. Shares of Beiersdorf AG rose 4% to 44.50 euros ($60.63 at current exchange), while Procter & Gamble Co. shares closed at $60.25, down 0.6 percent, after P&G chief executive officer Robert McDonald was quoted in a press report from Romania as saying that Beiersdorf’s Nivea is a “terrific global brand.” When asked if P&G is interested in making an acquisition, McDonald reportedly said, “The price and contract would have to be right.” A...
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