P & G; Shareholders OK Gillette Acquisition

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Procter & Gamble Co. shareholders on Tuesday overwhelmingly approved buying the Gillette Co., another step toward forming the world’s largest consumer products company.


A.G. Lafley, the company’s chairman, president and chief executive, said 96.5 percent of the shareholder votes favored the $57 billion deal, which would bring prominent consumer brands under one umbrella, including P & G;’s Pampers diapers brand and Gillette’s line of shavers.


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