10.31.05
Gillette held merger talks with Colgate-Palmolive, a rival consumer goods company, about four months before approaching Procter & Gamble, the industry titan that later acquired Gillette for $58 billion.
According to The Financial Times, Colgate’s failure to negotiatie last year could represent one of the greatest missed opportunities in the industry’s recent history, as its fortunes subsequently took a turn for the worse.
In September, Colgate-Palmolive issued its first profit warning in more than a decade, leading to a sharp fall in its share price.
According to The Financial Times, Colgate’s failure to negotiatie last year could represent one of the greatest missed opportunities in the industry’s recent history, as its fortunes subsequently took a turn for the worse.
In September, Colgate-Palmolive issued its first profit warning in more than a decade, leading to a sharp fall in its share price.