P & G's 57 billion U.S. dollars swallowed razor "King" Gillette - Procter & Ga

P & G's 57 billion U.S. dollars swallowed razor "King" Gillette - Procter & Ga

Companies somewhat "cosmetics taste" too thick feeling, and now it has found a full "masculine atmosphere" and "Ruyilangjun"??? Gillettepany. Week 4, the twopany's board of directors adopted a resolution, P & G will acquire the latter stock, worth 57 billion U.S. dollars. And the razor king "marriage" after the P & G is expected to increase 9 billion U.S. dollars annually in revenue. U.S. group Procter & Gamble (P & G) announced the acquisition of Gillette main Xilafuli Birth the largestmoditypanies Multi-brand strategy has always been the expansion of P & G has been in detergent, skin care products, baby products and othermodities markets stand firm and launched Rejoice, Vidal Sassoon, Tide and a series of well-known to Japanese people brand. Enable the merger with Gillette razor march, after shave, and batteries and small electrical appliances market. P & G's side said that the merger will create the world's biggestmoditypanies, and to P & G rival Unilever into the market beyond the overlord. Procter & Gamble Chairman and CEO Lafley himself and Gillette's "marriage" as "a very good match for powerfulbination, " he says, Gillette and Procter & Gamble has a similar corporate culture, and will thepany's core business on brand promotion, product innovation, expanding the scale, the running after the merger will be very easy. It is reported that Gillette CEO JamesM.Kilts will become vice president of Procter & Gamble and joined P & G's board of directors. P & G and Gillette this transaction will be 0.975:1 ratio convertible way, the convertible, the Gillette stock will be 45.85 U.S. dollars per share from the original rise to 53.94 U.S. dollars, up 18% rise. This is expected to be no doubt that everyone was delighted that the shareholders of Gillette. "Stock god" Buffett benefit from a lot of money To benefit from the deal's biggest winners are not afraid neither P & G Gillette, but Gillette's largest shareholder, investor "stock god" Warren Buffett. Currently, Buffett holds 9, 600 million shares of Gillette, Gillette accounts for 9% of the total share capital, and now this is equivalent to 9, 360 million shares of P & G shares. The past two years, P & G's stock has maintained a good upward trend since 2003, has appreciated by 1 / 3. Buffett said that this fall, and so an end to the merger of the two sides, he will continue to buy P & G shares the objective of holding 100 million shares. Procter & Gamble plans to cut 6, 000 people Look happy in this acquisition, the loss is only part of P & G employee. Although the acquisition of twopanies after the merger of the business sector so thatpanies can save each year from 14 billion to 16 billion U.S. dollars of operating expenses, but layoffs are inevitable. According to P & G said thepany plans to lay off 6, 000 worldwide, the figure is P & G's global team of 4%. Currently, P & G employees in China more than 4, 000 global redundancy scheme for Chinese employees will be affected, Procter & Gamble
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