Posted on Friday, July 17th, 2015 at 4:39 pm
Multinational consumer goods company Procter & Gamble (P&G) is selling 43 of its hair care, fragrance, and cosmetics brands to beauty products manufacturer Coty Inc. in a merger worth $12.5 billion, the Business Insider reported July 9.
P&G expects the deal to result in a one-time gain of $5 billion to $7 billion. P&G CEO A.G. Lafley said Coty Inc. will be a strategic company to house the brands and the people handling them. Meanwhile, analysts from Bank of America Merrill Lynch predicted that the deal would enable Coty to double its sales.
Among the brands involved in the merger are Gucci fragrances and CoverGirl makeup.
Mergers are strategic business transactions that can fortify your business amid market challenges. To get the most out of such business transactions in Cedar Rapids, enlist the help of a business lawyer at Arenson & Maas, PLC, for assistance through the complex legal requirements these processes entail. Call us at (319) 363-8199 today.
Posted on Tuesday, July 14th, 2015 at 6:29 pm
Jim Arenson of Arenson & Maas, PLC, is excited to announce that we represented Jim Rydell and Matt Halbur in their purchase of the Ford and Lincoln dealership in Independence, Iowa on July 1, 2015. We are honored to have had the opportunity to represent these individuals in this acquisition.
Posted on Wednesday, July 8th, 2015 at 5:09 pm
Retail pharmacy chain CVS announced its acquisition of Target’s pharmacy department for $1.9 billion, The Washington Post revealed on June 15.
The deal will result in the rebranding of Target’s 1,660 pharmacies and 80 in-store clinics to CVS. This would enable the drugstore chain to establish its market in key cities where their presence has been lacking, such as Denver, Seattle, and Portland. The deal will also allow Target to focus their strength on areas where they perform best, such as baby products and fashion.
The acquisition is pending approval by the regulators.
CVS currently has 7,800 drugstores nationwide. Last May, the pharmacy chain bought Omnicare for $10.4 billion.
Acquisitions like this could be beneficial not just to the acquiring company, but to the company selling as well. A business attorney at Arenson & Maas, PLC, has the experience and resources to help you get the most out of a business deal. Call (319) 363-8199 to seek guidance on your business’ next moves today.