Tax, brand and product. That is the order of priority which likely saw Warren Buffet's holding company Berkshre Hathaway purchase battery company Duracell from Proctor & Gamble last month.
Prior to the Duracell purchase announcement in November, Berkshire Hathaway held close to 57 million shares in Proctor and Gamble worth $4.7bn. An arrangement was developed that Proctor & Gamble would sell its battery manufacturer Duracell in exchange for Berkshire’s P&G shares. By exchanging P&G stock for the entirety of Duracell, Berkshire was able to…
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