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Battery brand is now with Warren Buffett.
March 1, 2016
By: Christine Esposito
Editor-in-Chief
Procter & Gamble is no longer battery-powered, so to speak, as the firm has completed the transfer of its Duracell business to Berkshire Hathaway. P&G said the split transaction involved P&G contributing approximately $1.8 billion in cash to the Duracell Company in a pre-transaction recapitalization in exchange for Berkshire Hathaway’s 52 Million shares of P&G stock. The deal with Berkshire Hathaway was announced in November 2014. “Duracell is a strong, global bus...
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