An announcement that German pharmaceutical giant Bayer is looking for a buyer for its household insecticide business as part of its restructuring program is an example of which type of publicity tool?

Question

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The announcement of Bayer's intention to sell its household insecticide business is an example of a news release, which is a type of publicity tool designed to disseminate information to the media and the public. A news release is typically used to announce news or events related to a company or organization, and is an effective way of generating media coverage and public interest.

An Announcement That German Pharmaceutical Giant Bayer Is Looking for a Buyer