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P&G Discusses Acquisitions

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By: TOM BRANNA

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l Procter & Gamble aims to meet up to one- quarter of its long-term target for sales growth through acquisitions, according to A.G. Lafley, president and executive of the U.S. consumer products group. Mr. Lafley said acquisitions would add at least one percentage point to sales as part of its plan to boost turnover by 4-6%. “We think about 2% is market growth, and we tried to be conservative. There is another 1-3% that we call organic growth, and that is internally-generated innovation,”...

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