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Wajeeh Khan

CL Stock Alert: Colgate-Palmolive Reportedly Considers $1 Billion Brand Sale

CL Colgate ColgatePalmolive

Colgate-Palmolive (CL) shares remain in focus on Monday following reports that the company is exploring a major strategic divestment valued at more than $1 billion. CL is working with advisers at Goldman Sachs to explore the sale of non-core personal care brands, including Softsoap, Irish Spring, and Speed Stick, the report added.

The news arrives at a time when Colgate stock is struggling with regaining momentum, currently down about 12% versus its year-to-date high.

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