Company News, Regulations

P&G Says Bye, Bye Billie

Acquisition of razor maker ended due to FTC complaint.

Procter & Gamble Co and Billie Inc, which sells women’s razors and other body care products, have decided to terminate their planned merger agreement, the two companies said on Tuesday. The US Federal Trade Commission filed a complaint in December aiming to stop the deal, saying it would have dampened competition in the women's razor category. “We were disappointed by the FTC’s decision and maintain there was exciting potential in combining Billie with P&G to better serve m...

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