This article was originally published in The Rose Sheet
Kohlberg Kravis Roberts & Company to sell approximately 41 mil. of the 51.3 mil. shares it owns in Gillette. Public offering, which will be underwritten by Merrill Lynch, Pierce, Fenner & Smith and Goldman, Sachs, does not reflect "lack of confidence in the future prospects of Gillette," partners associated with KKR say. Pending sale of shares is result of "winding down" of investment fund and does not "come as a surprise," company adds. KKR founding general partner Henry Kravis will remain on Gillette board. KKR acquired stock, representing 4% of Gillette ownership, in 1996 when firm merged with KKR-owned Duracel
You may also be interested in...
With a push from the Organic Consumers Association, the National Organic Standards Board is recommending that the use of nanotechnology be strictly prohibited from products certified under the National Organic Program
Though global market-size estimates differ, analysts at SupplySide West 2010 in Las Vegas agreed that cosmeceuticals remain a promising growth vehicle
Weekly Trademark Review