Procter & Gamble Wins OK to Buy Gillette
From Associated Press
The federal government signed off on Procter & Gamble Co.’s $57-billion acquisition of razor and battery maker Gillette Co. after requiring the companies to sell only a handful of their product lines.
The companies said the deal would close today after the Federal Trade Commission’s approval. The agency is requiring the companies to sell Gillette’s Rembrandt teeth whitening products and Right Guard men’s antiperspirant and deodorant business.
