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Sara Lee deal may be scrutinized by European Commission.
March 5, 2010
By: TOM BRANNA
Editor
The United Kingdom’s Office of Fair Trading might recommend that Procter & Gamble Co.’s acquisition of Sara Lee Corp.’s Ambi Pur line be investigated by the European Commission. According to a Reuters report, the office said in a statement that it is considering referring the deal to the EU because it “may threaten to significantly affect competition within the territory of the U.K.” In December, P&G agreed to acquire Ambi Pur from Sara Lee forabout $470 million. Ambi Pur air fresh...
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