P&G/Gillette Combination To Yield Synergies Of $14 Bil.-$16 Bil.

Procter & Gamble expects the acquisition of Gillette to yield revenue and cost synergies totaling $14 bil.-$16 bil. annually by leveraging P&G's organizational structure, removing duplicate costs and driving efficiencies, Chief Financial Officer Clayton Daley stated. The two firms announced the $57 bil. acquisition, the largest in P&G's history, during a news conference in New York City Jan. 28