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Thursday, March 19, 2015

BRIEF-Interparfums to acquire Rochas from Procter & Gamble, (NYQ: PG)

Interparfums SA : * Has entered into an agreement with the Procter & Gamble Company to acquire the Rochas brand* The transaction is expected to be completed within the first half of 2015, subject to closing conditions* The acquisition will be payable in cash on the closing date for $108 million and financed entirely through a medium term loanSource text: Further company coverage: (Gdynia Newsroom)

The Procter & Gamble Company (P&G) is a United States-based company which provides consumer packaged goods. Shares of PG traded higher by 1.09% or $0.9/share to $83.75. In the past year, the shares have traded as low as $77.29 and as high as $93.89. On average, 8086610 shares of PG exchange hands on a given day and today's volume is recorded at 12607899.