NEW YORK, Jan. 28 PRNewswire-AsiaNet/InfoQuest
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APTN'S GLOBAL VIDEO WIRE (GVW)
JANUARY 28, 2005
1900-1915 GMT AND 2300-2315 GMT
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FORMAT: News Package With Extra Soundbites and B-roll.
ADDITIONAL RESOURCES: Video (NTSC), hard copy requests, contact
information and more available at
http://www.prnewswire.com/broadcast/21149/press.shtml
STORY SUMMARY:
The Procter & Gamble Company announced it has signed a deal to acquire 100%
of The Gillette Company. Gillette markets a number of category-leading
consumer products such as Gillette(R) razors and blades including the Mach3(R)
and Venus(R) brands, Duracell(R) Coppertop(R) Batteries, Oral-B(R) manual and
power toothbrushes, and Braun shavers and small appliances. The transaction is
valued at approximately $57 billion, making it the largest acquisition in P&G
history.
P&G will acquire all of Gillette's business, including manufacturing,
technical and other facilities. The transaction, which is subject to certain
conditions including approval by Gillette's and P&G's shareholders and
regulatory clearance, is expected to close in Fall 2005. This combination
represents the teaming of two companies that are complementary in their
strengths, cultures and vision to create the potential for superior sustainable
growth.
SOUNDBITES:
* Warren E. Buffett, Chairman of the Board, Berkshire Hathaway, Inc.,
Gillette's Largest Shareholder
B-ROLL INCLUDES:
***Procter & Gamble logos***The Gillette Company logos***P&G Headquarters
-- exteriors***footage of P&G products***footage of The Gillette Company
products***
VIDEO PROVIDED BY: The Procter & Gamble Company
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SOURCE: The Procter & Gamble Company
Web site: http://www.multivu.com
Video:
http://www.prnewswire.com/broadcast/21149/press.shtml
--Distributed by AsiaNet (www.asianetnews.net)--