P&G To Pay €320M For Sara Lee's Ambi Pur Unit

Law360, New York (December 11, 2009, 1:13 PM EST) -- Procter & Gamble Co. has agreed to pay €320 million ($470 million) to buy Sara Lee Corp.'s Ambi Pur air care and toiletry unit, the companies announced Friday, marking Sara Lee's second major sale of part of its household and body care division in the past three months.

Procter & Gamble has signed a binding offer for the Ambi Pur unit, which would give the consumer products giant a global air care brand sold in 80 countries, along with several toiletry products with a presence in...
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