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March 16, 2005
By: TOM BRANNA
Editor
Gillette is facing shareholder lawsuits related to its pending acquisition by Procter & Gamble, the company said Tuesday.In the suits filed last month, Gillette shareholders allege the company’s board and management breached fiduciary duties in connection with the deal, Gillette said in a Securities and Exchange Commission filing. Two lawsuits filed on behalf of shareholders claim the transaction is “unduly favorable” to P&G, and will award Gillette managers with undu...
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