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Wajeeh Khan

REVEALED: A 3 8 billion reason why procter gamble stock is in focus today | Vintage Vibes

Thorne PG Procter &Gamble

Procter & Gamble (PG) shares extended gains on Aug. 4 after the company announced a definitive agreement to acquire premium wellness and dietary supplement maker Thorne. The $3.8 billion all-cash transaction equips the NYSE-listed consumer staple giant with immediate scale in the rapidly expanding health and self-care market.

Despite recent gains, Procter & Gamble stock is down roughly 12% versus its year-to-date high in late February.

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