Gillette-P&G Deal To Be Reviewed - Cincinnati News, FOX19-WXIX TV

Gillette-P&G Deal To Be Reviewed

Mass. regulator seeks documents in review of Gillette-P&G deal 

The Secretary of State in Massachusetts is asking Gillette for information about the consumer products company's pending sale to Cincinnati-based Procter And Gamble Company.

William F. Galvin is requesting information about future job cuts and plans to reward executives financially for the deal. Galvin says he believes a review of the 57 billion dollar deal is merited because of its size and the large payouts executives at Boston-based Gillette are due to receive.

Galvin's office enforces state securities laws. He sent a letter Monday asking Gillette to turn over by February eleventh records related to the merger. Gillette spokesman Eric Kraus says the company will cooperate with Galvin's review. P & G spokesman Terry Loftus declined to comment.

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