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Fly News Breaks for May 22, 2015
PG
May 22, 2015 | 08:12 EDT
Bernstein says that Procter & Gamble should consider breaking up into two or three large companies. The company's earnings and stock performance have been disappointing compared with its smaller peers, and conservative analysis suggests that a break-up would yield about 9%-18% upside, according to the firm. Bernstein adds that the current company is "almost impossible to manage," while its costs are not lower than those of its peers.
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