Welcome to our dedicated page for Procter & Gamble news (Ticker: PG), a resource for investors and traders seeking the latest updates and insights on Procter & Gamble stock.
The Procter & Gamble Company reports consumer-products developments across a portfolio of household, beauty, personal care and health brands. News commonly covers product launches, limited-edition collections and marketing campaigns for brands such as Native, Secret, Olay, Metamucil, Pantene and Zevo.
Company updates also describe formula claims, retailer-exclusive assortments, category extensions and brand education in areas such as deodorant, body wash, skin care, hair care, fiber supplements and household pest control. P&G also references a broader global brand portfolio that includes Tide, Pampers, Gillette, Crest, Charmin, Dawn and Oral-B.
GilletteLabs (NYSE: PG) has launched its 'Warm Up the Holidays' campaign to support small businesses during the pivotal holiday gifting season. The initiative features limited-edition bundles pairing the Heated Razor with innovative products from five selected partners, including ANYON Atelier and BLK & Bold. Bundles will be available on The Art of Shaving website starting November 10th, retailing at $200. This campaign aims to assist small businesses impacted by current challenges, showcasing their stories and promoting their products through influencer collaborations and consumer giveaways.
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P&G Ventures, part of Procter & Gamble (NYSE:PG), is launching its second Virtual Innovation Challenge, building on the success of the first one held in June. Entrepreneurs and startups can submit their products for a chance to pitch at CES 2021 on January 13, 2021. Finalists will compete for a $10,000 prize and mentorship opportunities. The deadline for submissions is November 25, 2020. Leigh Radford, Senior VP at P&G Ventures, highlights the challenge as a chance to showcase innovations, adapting to the COVID-19 pandemic.
Pampers has launched an upgraded version of its Pure diapers, now featuring a plant-based liner enriched with shea butter, following a survey revealing that 80% of moms prefer such enhancements. The new diapers are hypoallergenic and free from harmful additives, ensuring skin safety. Pampers Pure is backed by clinical evidence and meets safety standards, with stylish new prints available in sizes N through 6. Pampers remains the #1 Pediatrician Recommended Brand. The new product aligns with parent preferences for quality and safety in diapering.
The Procter & Gamble Company (NYSE: PG) has announced the pricing of its debt tender offer for several debt securities. The tender offer, initiated on October 13, 2020, received valid tenders totaling approximately $1.98 billion as of the Early Tender Deadline on October 26, 2020. P&G will accept all validly tendered amounts, with total considerations varying by security. The tender offer will expire on November 9, 2020. The settlement date for accepted securities is expected on October 29, 2020. Citigroup, Deutsche Bank, and Goldman Sachs are managing the offer.
The Procter & Gamble Company (NYSE: PG) announced early results of its debt tender offer, increasing the maximum purchase price from $1.5 billion to approximately $2.0 billion. The tender offer allows P&G to buy select debt securities, with an Early Tender Deadline already passed. Validly tendered securities will not be withdrawn, and the final acceptance amounts depend on priority levels established. The tender offer will conclude by November 9, 2020, barring extensions. Citigroup, Deutsche Bank, and Goldman Sachs act as dealer managers for the offer.
Procter & Gamble (NYSE:PG) has received an unsolicited mini-tender offer from Mason Bell LLC to buy up to 50,000 shares at $106.00 each, significantly below the market closing price of $142.38 on October 23, 2020. P&G advises shareholders against accepting this offer, highlighting its low valuation and lack of investor protections typically associated with larger tender offers. The company stresses that investors should consult market prices and exercise caution, especially as the offer could terminate if share prices drop below the bid before expiration on December 2, 2020.
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The EPA has approved Microban 24 Sanitizing Spray as effective against SARS-CoV-2, the virus responsible for COVID-19. The product was tested under strict EPA guidelines, proving it can kill the virus within 60 seconds. Alongside its initial effectiveness, Microban 24 offers continued protection against 99.9% of bacteria and viruses for up to 24 hours. Launched in February, it aims to enhance sanitization in homes, especially during flu season. The approval reinforces its position on the EPA's List N for products effective against tougher viruses.
Secret® Deodorant has pledged $1 million to the Professional Women’s Hockey Players Association (PWHPA), marking the largest corporate investment in women’s professional hockey in North America. This commitment addresses the disparities faced by female athletes exacerbated by the COVID-19 pandemic. The funding will support the Secret® Dream Gap Tour, featuring top players competing for cash prizes and promoting visibility for women’s hockey. The initiative aims to create equitable opportunities in sports for women while advocating for a sustainable professional league.