$3.8 Billion Deal Seals Procter & Gamble Co.'s Acquisition of Thorne

Procter & Gamble Co., a multinational consumer goods company, has won a bidding war for Thorne, a supplement maker. The deal is valued at $3.8 billion and is expected to close later this year, according to P&G CEO Shailesh Jejurikar.

Jejurikar first announced the pending transaction while speaking on CNBC on August 4, 2026. Following his statement, the companies released a joint press release confirming the deal via Bloomberg Terminal.