Speculating in Takeover Targets Message Board

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Strategies & Market Trends : Speculating in Takeover Targets

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To: richardred who wrote (3830)	11/13/2014 11:37:30 AM
From: richardred	Read Replies (1) of 7242

Warren Buffett getting into the battery business. He knows the company well. I'm very familiar with it for various reasons. I remember my father owning Kraft stock when they merged with Dart Industries. Duracell was owned by Dart back then. Message 20992419 Buffett's Berkshire Hathaway buying Duracell business from Procter & Gamble in $3B deal finance.yahoo.com classic snip Patience Pays Buffett's modus operandi is to be patient, so he did not liquidate his holding and take an immediate profit. Rather, he continued to demonstrate his confidence in Gillette's management, even as the company invested millions of dollars in research and development and acquired Duracell, another classic American brand. In 2005, the acquisition of Gillette by Proctor & Gamble (NYSE: PG) valued Berkshire Hathaway's shares at more than $5 billion and made Berkshire Hathaway the largest shareholder of the world's leading consumer product manufacturer. Since P&G fits Buffett's parameters as a company that possesses many of America's favorite brand names, he assured Wall Street that he would not only hold the shares, but would increase his position in the company. If Buffett had invested the original $600 million in the Standard & Poor's 500 Index rather than in P&G, its value before dividends would have grown to only $2.2 billion. (To learn more about dividends investopedia.com

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