P&G to Acquire Gillette for $57 Billion

AP via Wash Post ^ | 28 Jan 05 | Seth Sutel

[xzins]

Further Details in Cincinnati News:

Cincinnati News

NEW YORK - Procter & Gamble Co., the leading U.S. maker of household products whose brands include Crest, Pampers, Tide and Charmin, is buying the razor and battery maker Gillette Co. for $57 billion in a deal that will create the world's biggest consumer-products enterprise, the companies announced Friday.

The merger, which must still be approved by regulators and shareholders, would create a company with revenues of more than $60 billion that would have even greater clout against mass-market retailers like Wal-Mart Stores Inc., which have been pressuring consumer product suppliers to keep costs low.

[ASA Vet]

I've heard some really really bad things about Amway

That's why they changed their name.

[Betaille]

What is their deal? I heard they use cult-like mind control to get money from people. Why are they still legal?

[Final Authority]

As soon as I read the story I thought exactly the same thing. This either makes P&G/Gillette competitive or it sinks them and thousands of jobs. BTW, I think I remember that P&G is closing US factories and opening up Mexican and other foreign factories as foreign growth is outstripping US growth for things like toothpaste and soap. I guess the French are advancing after all.

[ASA Vet]

Because 95% of what you hear is bs. They're no worse or better than any other corporation.

[Betaille]

They are not an ordinary corporation, they are a pyramid scheme.

[international american]

ROTF/

[ASA Vet]

Finally someone that understood it was a joke.
The responses do show how easy it is to get old bs stories going again.