Justice OK's P&G Clairol Acquisition

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CINCINNATI — The U.S. Department of Justice today approved Procter & Gamble’s $4.95 billion acquisition of Bristol-Myers Squibb’s Clairol hair and beauty care business.

The acquisition will add $1.6 billion in global beauty care sales annually and bring P&G into the hair-coloring market. “Clairol hair colorant and hair care brands and known and loved in the U.S.

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