Proctor and Gamble to buy Gillette

Procter & Gamble is buying razor and battery maker Gillette for about $57bn (€43.7bn) in a stock deal that would create the world’s largest stable of consumer products, the companies have announced.

If approved by regulators, the deal would combine such brands as Gillette’s razors, Duracell batteries, and Oral B dental products with P&G’s Tide detergent, Pampers, and Pantene hair products.