Daley Says Procter & Gamble's Buyback Signals No Takeover Plans

Clayton Daley, chief financial officer of Procter & Gamble Co., talks with Bloomberg's Matt Miller from Cincinnati about the company's fourth-quarter profit reported today. The maker of Duracell batteries and Pantene shampoo said net income climbed 19 percent to $2.27 billion, or 67 cents a share, 1 cent more than analysts had estimated, after new varieties of Tide laundry detergent and Olay skin lotion spurred revenue. P&G said it plans to boost its share buyback program by as much as $24.4 billion to $30 billion. (Source: Bloomberg)

Bloomberg | August 3, 2007

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