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November 14, 2005
By: TOM BRANNA
Editor
Procter & Gamble, Cincinnati, is seeking acquisitions but does not want to fuel growth via hostile takeovers, according to comments from Alan Lafley, P&G’s chief executive officer. Mr. Lafley declined to comment on whether the company would be interested in acquiring German consumer goods firm Beiersdorf, the maker of Nivea skin products. German insurer Allianz AG is currently looking to sell its 44% stake in Beiersdorf. “I cannot comment on Beiersdorf, but I will remind you that acqu...
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