Procter & Gamble may be in the market for acquisitions as the consumer products giant struggles to find growth.
P&G said fiscal fourth-quarter profit fell 12 percent and gave a cautious forecast for the full year that disappointed investors. The shares fell 3.4 percent, to $59.94.
“P&G is struggling for growth, and people expect it to deliver,” said one investment banker close to the company.
The maker of Gillette razors, Pampers and Pringles would save on product development by buying other brands, bankers said.
One possible candidate is Water Pik Technologies, which makes shower heads and oral care devices and is considered a natural fit for P&G’s huge personal care business.
Private-equity owner EG Capital Group has hired Goldman Sachs to sell Water Pik and is seeking $350 million, The Post has learned.
EG Capital and Goldman declined to comment.