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 the sale of Bayer's household insecticide business is an example of a news release, which is a type of publicity tool used to inform the public about a company's news or updates. A news release is typically distributed to the media and is used to generate news coverage for the company. In this case, Bayer is using a news release to inform potential buyers and the public about its restructuring program and the sale of its household insecticide business.

Announcement That German Pharmaceutical Giant Bayer Is Looking for a Buyer