Market Overview

Berkshire Hathaway To Buy Duracell For $4.7 Billion

Berkshire Hathaway To Buy Duracell For $4.7 Billion

Berkshire Hathaway Inc. (NYSE: BRK-A) on Thursday morning agreed to acquire Duracell, the popular battery maker owned by Procter & Gamble Co (NYSE: PG), in an all-stock deal worth $4.7 billion.

The deal is expected to close in the second half of 2015, with Procter & Gamble receiving $4.7 billion in Berkshire Hathaway stock. Berkshire currently owns nearly 53 million shares of Procter & Gamble, making it the fifth-largest shareholder.

Warren Buffett, the renowned CEO of Berkshire, feels that Duracell will fit well in the Berkshire Hathaway portfolio. Procter & Gamble hinted in October that it was looking to sell Duracell as part of its plan to shed slower growing brands to focus on growth.

Posted-In: Duracell Warren BuffettM&A News Best of Benzinga


Related Articles (PG + BRK-A)

View Comments and Join the Discussion!
Don't Miss Any Updates!
News Directly in Your Inbox
Subscribe to:
Benzinga Premarket Activity
Get pre-market outlook, mid-day update and after-market roundup emails in your inbox.
Market in 5 Minutes
Everything you need to know about the market - quick & easy.
Daily Analyst Rating
A summary of each day’s top rating changes from sell-side analysts on the street.
Fintech Focus
A daily collection of all things fintech, interesting developments and market updates.
Thank You

Thank you for subscribing! If you have any questions feel free to call us at 1-877-440-ZING or email us at