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3/16/2005
Gillette Facing a Brace of Shareholder Suits Relating to P&G Acquisition
Gillette Facing a Brace of Shareholder Suits Relating to P&G Acquisition
From the AP:
-- MDT
Gillette facing shareholder suits over acquisition by Procter & GambleRead the rest at the Miami Herald.
Associated Press / Posted on Tue, Mar. 15, 2005
WASHINGTON - Gillette Co. said Tuesday it is facing shareholder lawsuits related to its pending $54 billion acquisition by consumer-products company Procter & Gamble Co.
In the suits filed last month, Gillette shareholders allege the company's board and management breached fiduciary duties in connection with the deal, Gillette said in a Securities and Exchange Commission filing.
-- MDT
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