FTC approves Schick deal
This article was originally published in The Rose Sheet
Executive Summary
Purchase of Pfizer's Schick-Wilkinson Sword razor business by Energizer Holdings approved by FTC, anti-trust enforcers announce Feb. 19. Battery manufacturer recently revealed plan to purchase the business from Pfizer for $930 mil. in a transaction expected to close in the spring (1"The Rose Sheet" Jan. 27, 2003, p. 4). Move will expand Energizer's business beyond batteries and improve its competitive position vis-à-vis Duracell battery manufacturer Gillette, which currently dominates the shaving market with a 70% share...