💰 P&G Seals Thorne Deal to Expand Wellness Business
Published by OOPSONLINE.IN · Source: The Economic Times · 1 min read · · Updated
What actually happened
Procter & Gamble will announce its acquisition of Thorne supplements on Tuesday. The company's CEO stated the acquisition price aligns with industry benchmarks. Haleon, a UK consumer health firm, was reportedly bidding for Thorne. Thorne was valued at up to four billion dollars in June. P&G recently forecast slower annual sales growth despite strong beauty division results.
Key points
- Procter & Gamble will announce its acquisition of Thorne supplements on Tuesday.
- The company's CEO stated the acquisition price aligns with industry benchmarks.
- Haleon, a UK consumer health firm, was reportedly bidding for Thorne.
- Thorne was valued at up to four billion dollars in June.
Summary based on data provided by The Economic Times. Full article available at the original publisher.
- #business
- #seals
- #thorne