Church & Dwight (CHD) Explores Strategic Alternatives for Brazilian Specialty Chemical Business; Sees 10c/Sh Non-Cash Charge

Church & Dwight Co., Inc. (NYSE: CHD), is exploring strategic options for its Specialty Chemical business in Brazil. The business, which has annual revenues of approximately $40 million, markets sodium bicarbonate, dairy products and other chemicals in Brazil. Due to the limited anticipated future profitability of this business, the Company will incur a non-cash charge to earnings of approximately $0.10 per share in the fourth quarter of 2011, reflecting the establishment of a valuation allowance against deferred tax assets.

Aside from the $0.10 charge, the Company remains confident in its previously announced full year earnings per share estimate for 2011.

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