Church & Dwight Purchases Remaining Shares Of Armkel, LLC.Business Editors PRINCETON, N.J.--(BUSINESS WIRE)--June 1, 2004 Church & Dwight Co., Inc. (NYSE NYSE See: New York Stock Exchange :CHD CHD coronary heart disease. ChD abbr. Latin Chirurgiae Doctor (Doctor of Surgery) CHD, n.pr See disease, coronary heart. CHD canine hip dysplasia. ) today reported that it has completed the previously announced purchase of the remaining 50% of Armkel, LLC (Logical Link Control) See "LANs" under data link protocol. LLC - Logical Link Control that it did not own, from Kelso & Company, the private equity group. As previously announced, the purchase price was $254 million. The Company said that financing had been arranged through a group of banks led by JPMorgan and Citigroup. "Completion of the purchase is another step in our long-term Long-term Three or more years. In the context of accounting, more than 1 year. long-term 1. Of or relating to a gain or loss in the value of a security that has been held over a specific length of time. Compare short-term. strategy to build businesses around brands that are leaders in their markets," said Robert A. Davies, III, Chairman and Chief Executive Officer. Church & Dwight Co., Inc. manufactures and markets a wide range of personal care, household and specialty products, under the ARM & HAMMER brand name and other well-known trademarks. |
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