Berkshire to Buy P&Gs Duracell for $4.7B of Stock

Berkshire Hathaway, led by Warren Buffett, is acquiring Duracell from Procter and Gamble. The deal involves $1.7 billion in cash and $4.7 billion in shares. This acquisition aligns with Buffett's strategy of investing in large American consumer companies, following his previous purchase of Heinz. The transaction is part of Procter and Gamble's strategy to streamline its business. The acquisition is expected to impact Procter and Gamble's stock, particularly in London trading.

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