Gillette: Duracell deal caps comeback
Gillette has acquired Duracell for $7 billion in a move which emphasizes the company's recovery. Gillette was seen as a takeover target at the end of the 1980s when the company's profit dropped. Gillette has increased its market value to $30 billion from $2 billion. An investigation is to be held by the Securities and Exchange Commission into an increase in trading in Duracell options prior to the announcement of the takeover by Gillette.
Publication Name: Investors Chronicle
Three CPC International Inc insiders bought 4,000 shares at an average price of $40.63 per share. The purchase came after CPC International's stocks fell within the $40 per share range. Analysts welcomed the purchase because there has been a pronounced absence in insider stock buying. CPC International is a company which manufactures a wide range of consumer food items and has operations in 55 countries.
Publication Name: CDA-Investnet Insiders' Chronicle
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