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April 2, 2001
By: TOM BRANNA
Editor
Shares of USA Detergents Inc. popped 18% after the laundry and cleaning products maker announced it is in an agreement to be acquired by Church & Dwight Co. for $7 a share. The companies had partnered in a combined laundry products business known as the ARMUS LLC joint venture. Princeton, N.J.-based Church & Dwight (CHD: news, msgs, alerts) previously acquired 15% of USA as part of that joint venture.Church & Dwight estimates the total transaction cost at about $120 million, inclu...
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