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P&G to Buy Gillette Co.

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By: TOM BRANNA

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Procter & Gamble (P&G) executives announced that the company will buy Gillette Co. for $55.8 billion. The combined company is expected to generate $60 billion annually.Following the acquisition, half of P&G’s roster of products will comprise health care, personal care and beauty products, according to executives. Gillette hopes to widen its reach through the deal to help the company sell more razors and batteries in large developing markets such as China.Before the acquisiti...

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