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Gillette

This article was originally published in The Rose Sheet

Executive Summary

Massachusetts Secretary of the Commonwealth William Galvin issues subpoenas ad testificandum to several Gillette employees on May 11 to testify in connection with the state Securities Division's investigation of Procter & Gamble's acquisition of the razor manufacturer. Among those subpoenaed to testify later this month are Gillette CFO Charles Cramb, Board of Directors Vice Chairman Edward Degraan and Human Resources Manager Edward Guillet. Galvin has been investigating the merger since February, shortly after it was announced (1"The Rose Sheet" Feb. 7, 2005, p. 8). Gillette has resisted previous subpoenas issued by Galvin, recently requesting a Suffolk Superior Court quash a request for additional documents pertaining to the merger. The court ruled in favor of Gillette April 28 (2"The Rose Sheet" May 9, 2005, p. 7)...
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