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PG Stock Surges on $3.8 Billion Thorne Acquisition

Guavy AI Editorial Team
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Procter & Gamble (PG) stock surged on Tuesday after the company announced its plan to acquire Thorne, a supplement maker, for $3.8 billion.

The acquisition is aimed at expanding Procter & Gamble's health and wellness operations, which already include supplements and other healthy living products.

Procter & Gamble CEO Shailesh Jejurikar described Thorne as 'a really well-run operation' and expressed satisfaction with the asset itself.

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