P&G to Acquire Gillette for $57 Billion
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As part of the cost-cutting that would follow the deal, executives said the merger would result in the elimination of about 6,000 jobs, or 4 percent of the combined work force of about 140,000.
"We believe we can bring these companies together and create a juggernaut," Gillette Chief Executive James M. Kilts said at the presentation. Kilts will become vice chairman of P&G and join its board.
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- People:
- A.G. Lafley
- James M. Kilts
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