acquisition of duracell

In November 2014, Berkshire Hathaway announced its intent to acquire the brand for 4.7 billion US dollars. The acquisition received regulatory approval from the European Commission in July 2015,[1] and is due to be completed by April 2016.[2]

Berkshire agreed last month to buy Duracell from P&G, swapping $4.7 billion worth of P&G shares for the asset and $1.7 billion of cash.

Instead of becoming a full-fledged company at Berkshire, Duracell will be overseen by Marmon, people familiar with the matter said.