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May 7, 2001
By: TOM BRANNA
Editor
Procter & Gamble is battling Kao Corp. for the chance to acquire the Clairol unit of Bristol-Myers Squibb, according to a report in The Wall Street Journal. P&G is bidding about $4 billion to $4.5 billion to buy Clairol from Bristol-Myers Squibb. At that price, it would be P&G’s biggest acquisition ever and put the company at or near the top in the U.S. hair coloring market.Spokesmen for the companies declined to comment. A spokesman for Bristol-Myers Squibb also declined to...
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