Tom's of Bling

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Tom's of Maine, the maker of natural toothpastes and hygiene products, announced today that it will sell to Colgate-Palmolive for $100 million in cash. [Chicago Tribune]
Tom's was founded in Kennebunkport in 1970 by the Chappell family. We can most likely assume that they were hippies when they did this, because most everything that was done in Maine in the 1970's was done, at least in part, by hippies.
We can also assume that they are hippies no more, because they are about to receive $100 million from a company that quite often puts glitter in its toothpastes before having them tested on animals.
In other news, Ben & Jerry are said to be considering an all-cash bid from Raytheon.

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