Buffett's Berkshire Hathaway buys P&G's Duracell

jamesmith

http://www.reuters.com/article/2 ... USKCN0IX1F020141113

Originally paid $336 million for its 1.9 percent stake in P&G, equal to 52.8 million shares on June 30. Now these shares worth about $4.7 billion.
Swap these shares for Duracell Business plus $1.8 billion in cash.
Acquiring mature and durable consumer brand with predictable cash flow in a tax efficient manner to maximize return for shareholders!
Another textbook move!

NG_NM