USA: P&G caught in river rights feud
A nearly 400-year-old fight over water rights is coming to a head along the banks of the Potomac River – and pulling Procter & Gamble (NYSE:PG) into the fray.
West Virginia is threatening to sue Maryland if the state refuses to grant the mountain state unfettered access to water in the Potomac River, a portion of which defines the border between the two states.
West Virginia needs the water to support a $500M manufacturing plant that P&G plans to build on its side of the Potomac, roughly 25 miles from historic Harpers Ferry.
Source: Seeking Alpha
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