Colgate-Palmolive weighs sale of personal care brands including Softsoap and Irish Spring

Corporate ActionM&A · Partnership
โดย Seeking Alpha·US·Read original
Summary · why it matters

Colgate-Palmolive is considering a sale of certain mass-market personal care brands, including Softsoap, Irish Spring and Speed Stick. The consumer goods company is working with Goldman Sachs on a sales process, according to a Reuters report on Friday that cited people familiar with the matter. Colgate only plans to divest a few brands within its personal care unit, a subset of the business that could see more than $1 billion in a sale. Colgate and Goldman Sachs declined to comment to Reuters. Shares of Colgate ticked lower by 0.1% on Friday.

Impact on stocks 2

Consumer Staples▲ · 1 stocks
Colgate-Palmolive Company
CL
± MixedCapitalrelevance

Colgate is weighing a sale of mass-market personal care brands like Softsoap and Irish Spring, a divestiture/M&A event with unclear net effect.

Financials▲ · 1 stocks
Goldman Sachs Group Inc
GS
± MixedCapitalrelevance

Goldman Sachs is reportedly advising Colgate on the brand-sale process, a passing advisory role mention.

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