Coty is on track to acquire Proctor & Gamble's beauty business in a $12 billion deal that would make the U.S. cosmetic company the world leader in perfume and hair care, sources close to the matter said.If the deal goes though, Coty would get its hands on brands such as Gucci and Hugo Boss perfume, Wella and Clairol hair care products and Max Factor and Cover Girl make-up, part of its strategy to reverse its own declining sales trends.For P&G, the sale is part of a large plan to narrow its focus on fewer, faster-growing brands. The world's No. 1 household products maker said in August it could sell about half of its slow-growing brands over the next two years.Last year, it sold its Duracell batteries to Warren Buffett's Berkshire Hathaway Inc for $4.7 billion and sold some of its soap brands to Unilever Plc.
Berkshire Hathaway Inc. is a holding company owning subsidiaries engaged in various business activities. Shares of BRK-A traded higher by 0.05% or $100.0/share to $209400.00. In the past year, the shares have traded as low as $185005.00 and as high as $229374.00. On average, 253 shares of BRK-A exchange hands on a given day and today's volume is recorded at 88.
Berkshire Hathaway Inc. is a holding company owning subsidiaries engaged in various business activities. Shares of BRK-B traded higher by 0.05% or $0.07/share to $139.47. In the past year, the shares have traded as low as $122.72 and as high as $152.94. On average, 3034810 shares of BRK-B exchange hands on a given day and today's volume is recorded at 1073906.
Unilever PLC is engaged in the supply of food, home and personal care products. Shares of UL traded higher by 0.58% or $0.25/share to $43.61. In the past year, the shares have traded as low as $38.79 and as high as $45.99. On average, 906403 shares of UL exchange hands on a given day and today's volume is recorded at 271641.
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