January 28, 2005

Largest consumer products company

P&G to Buy Gillette for $55.6 Billion

This fall when the merger goes through, you'll be able to buy products for almost every daily need that are made by just one company, P&G.

I'll be in good company as a P&G stockholder.

The deal has the key support of billionaire investor Warren Buffett, whose Berkshire Hathaway Inc. has a 9 percent stake in Gillette.

Buffett said he would raise his holding in the combined company by 7 percent, to 100 million P&G shares, a $350 million investment at current prices.



Posted by Parag at January 28, 2005 04:15 PM
Comments

Tom Peters calls this buyout a stupid move!

oh BTW, I have blogrolled you.

Posted by: Kiruba Shankar at January 30, 2005 01:10 PM

Well, I think it will lead to further consolidation in the industry.

Posted by: Manish Chandak at February 11, 2005 10:06 AM
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