USA: P&G and Unilever reach agreement
The Procter & Gamble Company said yesterday it reached an agreement with Unilever to settle all issues related to disclosure of competitive business information. Terms of the agreement were not disclosed. P&G chairman John E. Pepper said, "We believe the agreement protects both P&G's and Unilever's business interests. I have been personally involved in ensuring that none of the information has been or will be used in any P&G plans. This agreement will have no impact on the effectiveness of our product or marketing plans and will not inhibit fair and vigorous competition in the marketplace."
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