Procter & Gamble Sells Off Duracell To Warren Buffett
Warren Buffett-owned Berkshire Hathaway is buying Duracell for $4.7 billion worth of stock.By Matt Moreno | November 13, 2014
Procter & Gamble is changing out its batteries in exchange for stocks. P&G is now selling Duracell to Warren Buffett-owned Berkshire Hathaway.
Here's how it breaks down. Before the transaction is complete, P&G will recapitalize Duracell with about $1.7 billion. In exchange, Berkshire Hathaway will give Procter & Gamble all the stock it owns in Procter & Gamble — about $4.7 billion worth. So, all in all, it's about a $3 billion buy for Berkshire.