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P&G, Kao Square Off In Bid For Bristol's Clairol

This article was originally published in The Rose Sheet

Executive Summary

Bidding to purchase Bristol-Myers Squibb's Clairol hair care division is rumored to have narrowed to Procter & Gamble and Kao Corporation in a transaction valued at $4 bil.-$5 bil, Merrill Lynch analyst Heather Murren says in a May 4 report.

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