Procter Reaches $57 Billion Deal to Buy Gillette
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The merger, which was officially announced today, would create the world's largest consumer products conglomerate.
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THE REGION Procter &amp; Gamble Co. has eliminated 2,800 positions over the past fiscal year, with more than half coming from Gillette, as a result of P&amp;G's takeover of the Boston shaving firm. P&amp;G's $54 billion acquisition of Gillette is expected to result in an estimated 5,000 job cuts from the combined workforce of about 140,000. Already, Boston has lost ...
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Procter & Gamble Co. PG.N on Friday  said it would buy Gillette Co. G.N in a deal worth about  $55.8 billion, uniting two of the world's largest makers of  household goods ranging from Pampers diapers to Duracell  batteries.
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BELOIT, Wis. (Dow Jones/AP) _ Regal-Beloit Corp. said Monday it has agreed to pay $379 million for a General Electric Co. unit that makes motors for heating, ventilation, air conditioning and refrigeration.
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Massachusetts' top securities regulator this week began investigating Procter & Gamble Co.'s planned acquisition of Boston-based Gillette Co. , and asked the razor maker how much its top executives might earn from the deal.
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Philips  plans to buy U.S.  sleep therapy products maker Respironics Inc  for $5.1  billion, its largest deal to date in an aggressive expansion in  the fast-growing health-care sector.
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The $3.7 billion deal will form the Nasdaq OMX Group which will list more than 4,000 companies with a combined market value of $5.5 trillion.
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Blackstone Group LP, the private equity firm that bought Equity Office Properties Trust in the biggest leveraged buyout ever, has sold 53 buildings in Washington, D.C., Portland, Ore., and Seattle for $7.55 billion, said three people with direct knowledge of the transactions.
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Procter & Gamble Co.  said on Thursday that it should return to double-digit earnings per share growth in its next fiscal year and will cut the number of its distribution sites in half as it forges ahead with the integration of Gillette.
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Procter & Gamble Co. PG.N is close  to an agreement to buy Gillette Co. G.N for more than $54  billion in stock, in a bid to create the world's largest  consumer products company, sources close to the situation said  on Thursday.
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Procter & Gamble and Gillette almost walked away from the deal that could give them a lock on the average American household.
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Cox Enterprises Inc. on Tuesday said it will purchase Cox Communications Inc.âs minority public stake for $8.3 billion, in a move to privatize the publicly traded cable company and insulate it from the short term demands of Wall Street.
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The Gillette-P&G deal is part of a 'new wave' coming as firms seek growth in a global economy.
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Procter & Gamble Co. said on Friday it agreed to acquire Gillette Co. for about &#36;57 billion in stock, creating a dominant consumer products manufacturer that would hold unprecedented sway over retailers.
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New Delhi, November 8: General Electric Co said on Monday it had sold a 60 per cent stake in its pioneering Indian business process outsourcing unit for $500 million, making it the largest deal in the country&#39;s booming back-office industry.
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Procter &amp; Gamble Co. has spent $1.5 billion on advertising in the first half of the year according to figures from Nielsen Monitor-Plus, a division of Nielsen Media Research.
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PQ Corp., the specialty chemicals  business, said on Friday it was being sold to private equity  buyout firm Carlyle Group  for $1.5 billion.