By  on September 29, 2010

Shares of Beiersdorf AG closed at 44.50 euros, or $60.63 at current exchange, up 4 percent, while Procter & Gamble Co. shares closed at $60.25, down 0.6 percent, after P&G chief executive officer Robert McDonald was quoted in a press report from Romania as saying that Beiersdorf’s Nivea is a “terrific global brand.” When asked if P&G is interested in making an acquisition, McDonald reportedly said, “The price and contract would have to be right.”

This story first appeared in the September 30, 2010 issue of WWD. Subscribe Today.

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