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 plan to sell its household insecticide business is an example of a news release, which is a type of publicity tool used to disseminate information and news about a company or organization to the media and the public. This type of announcement is typically aimed at generating media coverage and interest in the company or its products or services.

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