Application for approval of proposed divestiture: The Commission has received a petition for proposed divestiture from The Procter & Gamble Company (P&G) and The Gillette Company (Gillette). The Commission’s consent order allowing P&G’s acquisition of Gillette required the companies to divest certain assets after the transaction was consummated. In the petition, which can be found on the FTC’s Web site and as a link to this press release, the companies have requested FTC approval to sell Gillette’s Rembrandt toothpaste and tooth whitening business to Johnson & Johnson.
The FTC is accepting public comments on the proposed divestiture for 30 days, until December 7, 2005, after which it will decide whether to approve it. Comments should be sent to: FTC, Office of the Secretary, 600 Pennsylvania Ave., N.W., Washington, DC 20580. (FTC File No. 051-0115, Docket No. C4151; the staff contact is Daniel P. Ducore, Bureau of Competition, 202-326-2526; see press release dated September 30, 2005.)
Copies of the documents mentioned in this release are available from the FTC’s Web site at http://www.ftc.gov and also from the FTC’s Consumer Response Center, Room 130, 600 Pennsylvania Avenue, N.W., Washington, DC 20580. Call toll-free: 1-877-FTC-HELP.