Deals
Beiersdorf Jumps as P&G Chief Calls Nivea ‘Terrific’
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Beiersdorf AG rose the most in a year in Frankfurt trading after Procter & Gamble Co. Chief Executive Officer Robert McDonald said the company has a “terrific global brand” in Nivea skin cream.
Beiersdorf would “have to come to us,” McDonald said today in an interview in Urlati, Romania, when asked if he would look at buying the German company. “The price and the contract would have to be right.”