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Procter & Gamble Co. will assume ownership of Tambrands Inc. on July 21, putting the final touch on its $1.85 billion acquisition, which was announced in April.
By Oct. 1, the Ohio-based consumer products company will have relocated Tambrands' operations from White Plains to Cincinnati, said Scott Stewart, a spokesman for P&G.
"We obviously will have a transition period that will allow most of the employees to continue for 60 days from the closing date and some...