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Non-Tech : Central Garden & Pet Co. (Nasdaq : CENT)

CENT 32.69

+0.2%

Dec 26 9:30 AM EST

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To: Gottfried who wrote (53)	8/11/1999 10:21:00 AM
From: SIer formerly known as Joe B.	Read Replies (1) of 73

P&G to buy pet food maker Iams for $2.05 billion CINCINNATI, Aug 11 (Reuters) - Household products giant Procter & Gamble Co. <PG.N> will acquire Iams Co., a big player in the high-quality pet food market, in a cash deal worth $2.05 billion, plus $250 million in debt, the companies said on Wednesday. "Iams is a terrific business -- strong innovation, leading brands, global growth, talented people," P&G Chief Executive Durk Jager said in a prepared statement. "It fits well with P&G strengths, including expertise in health and nutrition. Iams will be an important contributor to accelerating our growth." MORE * end of story *

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