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BRIEFLY

P&G began buying shares of Richardson-Vicks.

October 07, 1985

Through a newly formed subsidiary, RVI Acquisition, Procter & Gamble took the first step in its planned $1.2-billion acquisition of the maker of Vicks cold remedies and other products by beginning a $69-per-share tender offer. The tender offer expires Nov. 1, with P&G retaining withdrawal rights until midnight Oct. 25.

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