Procter & Gamble said on Tuesday it would record up to $2.5 billion in charges over two fiscal years as it writes down the value of its Gillette business and restructures certain markets.

P&G will pay 0.975 of a share for each share of Boston-based Gillette. Based on P&G's closing price of $55.32 per share Thursday, the deal values Gillette at about $54 per share — an 18 percent ...

Procter & Gamble Co. and Gillette Co. shareholders on Tuesday approved the proposed $57 billion combination of the consumer products companies.

CINCINNATI, Feb. 1, 2023 /PRNewswire/ -- As the National Football League (NFL) prepares for Super Bowl LVII, Procter & Gamble (P&G) and its brands — Gillette, Head & Shoulders, Old Spice, and ...

The deal, as reported by both papers, calls for P&G to pay about 0.975 of its shares, or $54, for each Gillette share. That represents an 18 percent premium for Gillette, which closed at $45.85 ...

The plan is for Gillette, which has used the South Boston site for product manufacturing for over 100 years, to keep its headquarters on or near its current property, P&G said.

P&G - whose nearly 300 consumer brands include Wella shampoos and Pampers nappies - and Gillette are both American business icons. The deal will be paid for mainly in P&G shares, and involves 6,000 ...