4 days ago
 Source: businessinsider.com

Harry's had plans to sell for $1.4 billion before the government moved to kill the deal. Some are speculating that its biggest rival could be partly responsible for the acquisition falling apart.

Quick Summary

The acquisition of razor startup Harry's fell apart this week after a government agency sued to block the $1.4 billion sale to conglomerate Edgewell. But there's some speculation that Harry's bigger rival, Procter & Gamble, shares responsibility for the deal falling apart. At the time, some analysts said Coca-Cola's planned acquisition was part of a plot to torpedo the Pepsi deal. "For years, Edgewell and Procter & Gamble faced little competition on store shelves, and prices rose steadily as a result," Francis wrote. Salop also pointed out that the timeline doesn't support the argument that Procter & Gamble bought a company to scuttle a rival's deal.

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