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Buffet Buys Duracell from P&G

P&G sells Duracell to Berkshire Hathaway.

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By: TOM BRANNA

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Did Warren Buffet pull one over on Procter & Gamble? Berkshire Hathaway will acquire the Duracell battery business in a deal valued at $4.7 billion. But P&G won't stash any cash from the transaction; instead, P&G will execute a split transaction, in which it will exchange a recapitalized Duracell Company for Berkshire Hathaway’s shares of P&G stock. Investors, including the pesky Bill Ackman, probably would have preferred a Duracell spin-off, according to analysts. For w...

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