Friday, December 11, 2009

Procter & Gamble buys Sara Lee's Ambi Pur business (AP via Yahoo! Finance)

Procter & Gamble Co. is buying Sara Lee Inc.'s Ambi Pur air freshener business for $320 million euros, or $470 million. The deal adds strength for consumer-products giant P&G in Europe and will complement its Febreze line of deodorizers, which is sold mainly in the North America.

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