Speculating in Takeover Targets Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Strategies & Market Trends : Speculating in Takeover Targets

ULBI 7.040

+2.3%

Nov 5 3:59 PM EST

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: richardred who wrote (617)	1/27/2005 10:33:44 PM
From: Glenn Petersen	Read Replies (1) of 7242

Nice call. Time for you to buy the thread a round of drinks. It looks like Proctor & Gamble is going to acquire Gillette for $54 billion. story.news.yahoo.com P&G Offers $54 Bln in Stock for Gillette Business - Reuters NEW YORK (Reuters) - Procter & Gamble Co. (NYSE:PG - news) is close to an agreement to buy Gillette Co. (NYSE:G - news) 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. Under terms of the deal, P&G would offer 0.975 P&G share for each share of Gillette, according to the sources. That would value shares of Gillette, whose products include its namesake shaving products and Duracell batteries, at $53.94 per share, or a nearly 18 percent premium to its closing stock price of $45.85 on Thursday. Shares of Gillette climbed nearly 2 percent to $45.85 in Thursday trade The deal would make P&G the world's largest consumer products maker, surpassing Unilever NV (UNc.AS), whose brands include Lipton tea and Dove soap. Cincinnati-based P&G, which already makes everything from Crest toothpaste to Tide laundry detergent, and Boston-based Gillette both declined to comment. P&G's top executives are scheduled to meet with investors in New York early on Friday morning.

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next