YOUR FRIENDS' ACTIVITY

    Church & Dwight closes $650M deal for Avid Health

    Church & Dwight completes acquisition of gummy vitamin maker Avid Health in $650M deal

    Associated Press – Mon, Oct 1, 2012

    PRINCETON, N.J. (AP) -- Church & Dwight said Monday that it completed its acquisition of Avid Health Inc., which makes gummy types of vitamins and supplements, for $650 million in cash.

    Church & Dwight Co. Inc. makes Arm & Hammer baking soda, Aim toothpaste and other products. It said the addition of Avid expands its product lineup into the fast-growing gummy vitamin business. It financed the deal with a combination of cash and debt.

    The Princeton, N.J.-based company said it still expects the acquisition to lower its 2012 net income by about 2 cents per share, and boost its adjusted earnings and cash flow in 2013.

    Church & Dwight shares rose 19 cents to $54.18 in afternoon trading.

    Loading...

    News for You »

    • Illinois father gets prison in child-binding case

      LAWRENCE, Kan. (AP) — A suburban Chicago man has been sentenced to 30 months in prison for binding and blindfolding two of his children in a Wal-Mart parking lot in eastern Kansas.

    • Wash. parents' ruse snares man wooing daughter

      SPOKANE, Wash. (AP) — A father who discovered his 15-year-old daughter was being wooed on Facebook by a man twice her age took matters into his own hands.

    • Bill could reduce illegal immigration 25 percent

      Illegal immigration into the United States would decrease by only 25 percent under a far-reaching Senate immigration bill, according to an analysis by the Congressional Budget Office that also finds the ...

    • Man charged with tossing wife off cruise ship

      SANTA ANA, Calif. (AP) — A California grand jury has indicted a Florida man on charges he strangled his ex-wife and tossed her off a cruise ship in Italy.

    • Stacy Keibler: How I Lost Weight Without Working Out

      Stacy Keibler was able to lose weight without even working out - but it was far from easy!

    • Police: Paraplegic castrated at Philly facility

      PHILADELPHIA (AP) — A 41-year-old man is being held on $5 million bail after police say he castrated a paraplegic during a dispute at an assisted living facility in Philadelphia.

    • Learning to Like the New Miley Cyrus

      Hannah Montana is dead. Long live Hannah Montana? Nah, the new Miley Cyrus, now that she's a young woman of 20 and seemingly fully liberated from her Disney/Billy Ray shackles, is way more fun. It surprises me to find myself saying that — usually former teen star rebellion is pretty irksome or unsettling (see: "I'm a Slave 4 U"). And yet in Miley's case, she's hitting just the right notes, somewhere between silly and... ...

    • Cher Reveals Her Neon At Home Style

      Cher returned to the stage on "The Voice" finale clad in leather and sporting a wild wig, but when it comes to her time outside of the spotlight, the star opts for comfort - preferably in neon!

    Show More

    Follow Yahoo! News

    Loading...