Bloomberg Anywhere Remote Login Bloomberg Terminal Demo Request

Bloomberg

Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world.

Company

Financial Products

Enterprise Products

Media

Customer Support

  • Americas

    +1 212 318 2000

  • Europe, Middle East, & Africa

    +44 20 7330 7500

  • Asia Pacific

    +65 6212 1000

Communications

Industry Products

Media Services

Follow Us

Bloomberg Customers

P&G Won’t Counter Unilever Bid for Alberto-Culver, Chief Says

Procter & Gamble Co., the world’s largest consumer-products company, will not counter a bid by Unilever NV for Alberto-Culver Co., Robert McDonald, the company’s chief executive officer, said today in an interview.

A bid for Alberto-Culver could present “antitrust issues,” McDonald said today in an interview in Urlati, Romania.

Global economic growth is picking up, but is “uneven” and “not quite fast yet to replace the employment lost during the crisis,” he said.

Procter & Gamble is interested in acquiring Beiersdorf AG but that company “must make the first step,” McDonald said. A contract and price for Beiersdorf “must be right,” he said. “It’s a terrific global brand. But the company has to come to us.”

Procter & Gamble sees second-half earnings “better” than in the first six months of the year, he said.

Please upgrade your Browser

Your browser is out-of-date. Please download one of these excellent browsers:

Chrome, Firefox, Safari, Opera or Internet Explorer.