Gillette: Duracell deal caps comeback

Article Abstract:

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.

Primary Battery Manufacturing, Alkaline Batteries & Cells, Storage batteries, Mergers, acquisitions and divestments, Gillette Co., G, Alkaline batteries, Battery industry, Duracell Inc.

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CPC International

Article Abstract:

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.

Misc. Food and Kindred Products, Canned fruits and vegetables, Vegetable oil mills, not elsewhere classified, Food industry, Securities, Bestfoods

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