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Reports: P&G Planning $55B Deal for Gillette
AP ^ | January 27, 2005

Posted on 01/27/2005 7:07:25 PM PST by ConservativeStatement

NEW YORK — Procter & Gamble Co. (PG) is preparing to buy battery and shaving-products maker Gillette Co. (G) for $55 billion in stock, according to published reports.

If approved by regulators, the acquisition would create the world's largest consumer-products company, coupling Gillette's Duracell batteries (search), Right Guard deodorant and razor brands with P&G's Tide detergent, Clairol and Pantene hair products and Folgers coffee (search).

(Excerpt) Read more at foxnews.com ...


TOPICS: Business/Economy
KEYWORDS: business; financial; gillette; pg; proctergamble

1 posted on 01/27/2005 7:07:26 PM PST by ConservativeStatement
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To: MassRepublicanFlyersFan

Well, as P & G products are on boycott in this house, it looks like I'll have to find a more painful way to depliliate. :(


2 posted on 01/27/2005 7:11:24 PM PST by two134711
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To: two134711
Well, as P & G products are on boycott in this house...

What for, for heaven's sake?

You're not an Amway distributor, are you?

3 posted on 01/27/2005 7:16:33 PM PST by okie01 (The Mainstream Media: IGNORANCE ON PARADE)
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To: MassRepublicanFlyersFan

Great! They will probably rename the home of the Patriots "Pampers Stadium."


4 posted on 01/27/2005 7:29:10 PM PST by Shortwave (Supporting Bush was a duty one owed to the fallen. Now, it is an honor.)
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To: MassRepublicanFlyersFan

Ten years ago I bought an antique razor based on King Camp Gillette's original design for $10.00. It's in the original case with a set of extra blades. Coincidentally my wife's father was the Western Canada Regional sales manager for Gillette during the 50's.


5 posted on 01/27/2005 7:36:35 PM PST by beaver fever
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To: MassRepublicanFlyersFan

Wasn't Gillette in the tank not too long ago, until that chainsaw guy did his thing?


6 posted on 01/27/2005 7:36:56 PM PST by Loyal Buckeye
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To: Shortwave

The Dolphins stadium was coined "PP Stadium" when Pro Player had the naming rights.


7 posted on 01/27/2005 8:38:34 PM PST by ConservativeStatement
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To: Loyal Buckeye

Do you mean "Chainsaw Al" Dunlap? The Sunbeam CEO?


8 posted on 01/27/2005 8:55:33 PM PST by ConservativeStatement
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To: MassRepublicanFlyersFan
According to this press release, the deal is done.

Some old big names like Sears is being acquired, AT&T will probably be acquired, and now Gillette. At least they aren't being bought by Chinese companies ;-)

9 posted on 01/27/2005 9:22:54 PM PST by Moonman62 (Republican - The political party for the living.)
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To: Moonman62

TWA, too, among other airlines.


10 posted on 01/27/2005 9:32:56 PM PST by ConservativeStatement
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To: MassRepublicanFlyersFan

That's him. Maybe I confused Sunbeam with Gillette, but for some reason I think he worked on Gillette as well.


11 posted on 01/28/2005 5:13:58 AM PST by Loyal Buckeye
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To: okie01
What for, for heaven's sake?

P&G hasn't been welcome in my home for well over 10 years. As a company, they are heavy handed and lack respect for their employees. Their investigation of a Wall Street Journal reporter using the city police to get her phone records, illegally, was the last straw.

12 posted on 01/28/2005 5:17:15 AM PST by Glenn (The two keys to character: 1) Learn how to keep a secret. 2) ...)
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To: Shortwave

One of the financial talking heads on CNBC just came up with "The Mr. Clean Bowl."


13 posted on 01/28/2005 8:38:22 AM PST by ConservativeStatement
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To: Glenn
Just wondering. I worked at P&G, in Cincinnati, for five years -- and it was, far and away, the best company I ever worked for.

The training, the payscale, the promotion pace, supporting staff quality and the work environment was all first class...and far fairer than anything I've experienced since.

Personally, I thought it was a helluva company.

14 posted on 01/28/2005 4:13:17 PM PST by okie01 (The Mainstream Media: IGNORANCE ON PARADE)
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