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Reckitt Nears Purchase of Schick

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By: TOM BRANNA

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Anglo-Dutch consumer products group Reckitt Benckiser is edging towards victory in the auction for Schick-Wilkinson Sword, the world’s second-biggest razor maker after Gillette. Schick is a distant No. 2 to Gillette, with 20% of the global wet shaving market against Gillette’s 70%. Reckitt last week submitted a final bid, thought to be about $850 million, for the razors business, which is being sold by Pfizer.Although several corporate and financial bidders have dropped out, people c...

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