P&G to Acquire Gillette for $57 Billion
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Investor Warren Buffett's company, Berkshire Hathaway Inc., owns 9.7 percent of Gillette, or about 96 million shares _ a stake equivalent to 93.6 million P&G shares. Buffet, Gillette's largest single shareholder, called the combination "a dream deal" in a video presentation to the analysts and said he plans to buy another 6.4 million P&G shares to reach 100 million by late this year, when the sale is expected to close.
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- People:
- A.G. Lafley
- James M. Kilts
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