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BERLIN (AP) - The Dial Corp. has agreed to buy Right Guard and other deodorant brands from Procter & Gamble Co. for about $420 million.
Dial will acquire the No. 2 brand, along with Soft & Dri and Dry Idea, from P&G subsidiary Gillette Co. under the deal signed Monday. P&G was required to divest to win approval for its acquisition last year of Gillette.
P&G spokesman Terry Loftus said the Cincinnati company is keeping its Old Spice, Gillette series, Tag, Sure and Secret deodorant brands.
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