Massachusetts Expands Gillette Sale Probe To Employee Retirement Benefits
This article was originally published in The Tan Sheet
Executive Summary
Massachusetts Secretary of the Commonwealth William Galvin is widening his investigation into Procter & Gamble's proposed acquisition of Gillette, citing retire-ment benefits for Gillette employees among his concerns
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P&G/Gillette merger
Massachusetts Secretary of the Commonwealth William Galvin subpoenas Goldman Sachs Chairman and CEO Henry Paulson to testify June 23 regarding fairness opinions by the company relating to the acquisition of Gillette by Procter & Gamble. Galvin also subpoenas Bank of America Secretary and Deputy Counsel William Mostyn, a former Gillette employee, and UBS Securities' Eric Derheimer to testify June 21 and June 27, respectively. The subpoenas, issued June 13, are the most recent in Galvin's ongoing investigation of the merger (1"The Tan Sheet" Feb. 21, 2005, p. 11)...
P&G/Gillette merger
Massachusetts Secretary of the Commonwealth William Galvin subpoenas Goldman Sachs Chairman and CEO Henry Paulson to testify June 23 regarding fairness opinions by the company relating to the acquisition of Gillette by Procter & Gamble. Galvin also subpoenas Bank of America Secretary and Deputy Counsel William Mostyn, a former Gillette employee, and UBS Securities' Eric Derheimer to testify June 21 and June 27, respectively. The subpoenas, issued June 13, are the most recent in Galvin's ongoing investigation of the merger (1"The Tan Sheet" Feb. 21, 2005, p. 11)...
P&G/Gillette merger
Massachusetts Secretary of the Commonwealth William Galvin subpoenas Goldman Sachs Chairman and CEO Henry Paulson to testify June 23 regarding fairness opinions by the company relating to the acquisition of Gillette by Procter & Gamble. Galvin also subpoenas Bank of America Secretary and Deputy Counsel William Mostyn, a former Gillette employee, and UBS Securities' Eric Derheimer to testify June 21 and June 27, respectively. The subpoenas, issued June 13, are the most recent in Galvin's ongoing investigation of the merger (1"The Tan Sheet" Feb. 21, 2005, p. 11)...