P&G Acquisition Gillete

DAVID P. STOWELL rP os t KEL183 Revised July 2007 The beat out Deal GiIlette Could reward? Proctor & lay on the lines science of Gillette A Dream Deal op yo January 27, 2005, was an extraordinary daytime for Gillettes James Kilts, the show-stopping turnaround expert cognise as the shave Boss of Boston. Kilts, along with Proctor & Gamble chairman Alan Lafley, had provided orchestrate a $57 billion acquisition of Gillette by P&G. The universe of discourse of the worlds largest consumer products company would suppress Kiltss four-year tenure as CEO of Gillette and bring to a attached Gillettes 104-year history as an independent corporate colossus in the Boston area. The deal also capped a serial publication of courtships between Gillette and other companies that had waxed and waned at various points throughout Kiltss stewardship of Gillette. But al most immediately after the transaction was announced, P&G and Gillette move criticism from the media and the state of Massachusetts concerning the terms of the sale. Would this merger rattling benefit shareholders, or was it principally a wealth creation vehicle for Kilts? No tC Proctor & Gamble was known for its consumer products bid flog, shampoo, laundry detergent, and food and beverages, as well as products for health and strike care.

1 The company owned a portfolio of approximately 150 brandsranging from Ace bleach to Zest soap including some of the worlds most recognizable: Pampers, Tide, Folgers, Charmin, Crest, Olay, and corpus & Shoulders.2 Gillette was best known for its razor b usiness, solely the company controlled two! other brandsOral-B toothbrushes and Duracell batteriesthat produced at least $1 billion in annual revenue (see Exhibit 1). Whereas P&G was queerly skilled in marketing to women,3 Gillettes core node surgical incision was men (with the memorable marketing tagline The Best a serviceman Can Get). Gillette had expanded into egg-producing(prenominal) product lines with its genus Venus razor, and P&G also had some(prenominal) brandsHead &...If you indigence to get a full essay, instal it on our website: BestEssayCheap.com

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