Procter & Gamble has now recieved approval from the European Union to go forward with its purchase of Gillette for $57 billion, just days after winning approval from shareholders of both companies.
Shareholders Approve Merger of P&G and Gillette
Procter & Gamble’s plan to acquire Gillette for $57 billion has been approved by shareholders of both companies. As a result of the merger, P&G will increase the products it sells, adding items like razors and batteries.
Gillette 1Q Earnings Up 19%
Gillette experienced a 19% rise in first-quarter earnings compared to last year, as demand remained strong for all of the company’s major product lines.
P&G, Gillette Merger Facts
Reuters offers 5 Five Facts on P & G and Gillette merger. Those are listed below plus other interesting facts about this huge merger.
Procter & Gamble Buys Gillette
Procter & Gamble has signed a deal to acquire 100% of The Gillette Company in a $57 billion transaction.