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P&G’s Multi-billion Dollar War Chest

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By: TOM BRANNA

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Procter & Gamble has $8-10 billion to finance acquisitions, said company chairman A.G. Lafley in an interview published in French daily La Tribune on Monday. Mr. Lafley said the group had carried out the bulk of the divestments he considered necessary and its external growth strategy was focused on key product categories.“We are certainly going to pursue our acquisitions, giving priority to beauty and health,” he said. “This external growth ought to count for less than one...

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