P&G to Acquire Gillette for $57 Billion
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Lafley said he was optimistic that the company would not be forced to divest many properties as part of an antitrust review. Speaking at the analysts' presentation, he acknowledged that "there are some overlaps" of products, but that they were "relatively modest for a transaction of this size."
The company reported strong quarterly earnings on Thursday, including a 12 percent jump in net income to $2.04 billion, or 74 cents per share, up from $1.8 billion and 65 cents per share in the same period a year ago.
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- People:
- A.G. Lafley
- James M. Kilts
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