In recent news, The Proctor & Gamble Company has announced the terms of it's ConTipi takeover offer. The small disposable-insert making company will receive $15 million at first, and should their annual product revenue reach $180 million, they will be paid in full.
We recently covered this acquisition. More details can be found here: http://www.takeoverchatter.com/2010/09/p-adds-contipi-for-100m.html
Shares of P&G are trading flat on the news.
