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As Summer Heats Up, So Does the Rumor Mill

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By: TOM BRANNA

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The dog days of summer are approaching, and that has analysts sniffing around for potential deals. In a note to investors Monday, analyst Ali Dibadj of Sanford C. Bernstein & Co. said that Alberto-Culver and Kao are among a dozen companies worth less than $10 billion that would offer characteristics suitable for Procter & Gamble. Other potential targets for P&G include Shiseido and Estée Lauder. Both are possible acquisition targets if P&G wants to add more beauty products a...

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