P&G, Billie halt deal after U.S. FTC challenge

P&G, Billie halt deal after U.S. FTC challenge

© Reuters. The logo for Procter & Gamble Co. is displayed on a screen on the floor of the NYSE in New York © Reuters. The logo for Procter & Gamble Co. is displayed on a screen on the floor of the NYSE in New York

WASHINGTON (Reuters) – Procter & Gamble (NYSE:PG) Co and Billie Inc, which sells women's razors and other body care products, have decided to terminate their planned merger agreement, the two companies said in a joint statement.

The U.S. Federal Trade Commission filed a complaint in December aiming to stop the deal.

Original Article

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