Procter & Gamble taking out its batteries | The Mesh Report

Procter & Gamble taking out its batteries

the Mesh Report Staff October 24, 2014 0

CINCINNATI (AP) — Procter & Gamble is removing the batteries and making Duracell a stand-alone company.

P&G, which acquired Duracell in 2005, announced earlier this year that it would shed more than half its brands around the globe over the next year or two.

If a split off occurs, P&G said that its shareholders would have the option of exchanging some, none or all of their P&G shares for shares of the newly formed Duracell company.

The Procter & Gamble Co. , based in Cincinnati , said Friday that it is also considering a spinoff, sale or other options for Duracell.

Shares of P&G climbed slightly in Friday premarket trading.

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