Duracell Inc, owned by Warren Buffett’s Berkshire Hathaway, has pipped rival Energizer Holdings and is set to acquire BM Khaitan’s flagship Eveready Industries’ battery and flashlight business in a slump sale for Rs 1,600-1,700 crore, said multiple sources aware of the matter. The deal includes manufacturing plants, distribution network and the Eveready brand.
SOURCE: ET
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