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Berkshire Hathaway, led by Warren Buffett, announces the acquisition of Duracell from Procter & Gamble. In an unconventional arrangement, Berkshire will pay P&G with its own stock, while P&G injects around $1.8 billion in cash into Duracell. This deal leverages the long-standing relationship between the two companies and provides tax benefits for both parties.
Wednesday, 12 November, 2014