Ad-hoc | 20 February 2006 21:11
Henkel KGaA:Henkel to acquire leading deodorant brands in the USA
Ad hoc announcement transmitted by DGAP – a company of EquityStory AG.
The issuer is solely responsible for the content of this announcement.
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The Dial Corporation – an affiliate of Henkel KGaA – and The Gillette
Company, a subsidiary of Procter & Gamble, signed a definitive agreement on
February 20, 2006, under which Dial will acquire several strong
antiperspirant/deodorant brands. These very well-known brands include Right
Guard, Soft & Dri and Dry Idea, which Procter & Gamble was required to
divest as part of the FTC Consent Decree related to the Procter &
Gamble/Gillette merger. The purchase price amounts to about 420 million US
dollars. Sales in 2005 of these brands amounted to about 275 million US
dollars.
Closing of this transaction, which is still subject to customary approval
from the antitrust authorities, is expected before the end of the first
quarter of 2006.
(c)DGAP 20.02.2006
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language: English
emitter: Henkel KGaA
Henkelstr. 67
40191 Düsseldorf Deutschland
phone: +49 (0)211 797-3937
fax: +49 (0)211 798-2863
email: investor.relations@henkel.com
WWW: www.henkel.com
ISIN: DE0006048432
WKN: 604843
indexes: DAX
stockmarkets: Amtlicher Markt in Berlin-Bremen, Frankfurt, Hannover,
Düsseldorf, Hamburg, München, Stuttgart
End of News DGAP News-Service
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