Procter & Gamble is splitting off the Duracell battery business.
The company said it is acting to boost its share price and to reduce the number of shares outstanding. It hopes to give shares of a new stand-alone Duracell to its shareholders late next year, but said it will look at other options, including a possible sale of the company.
P&G to get rid of Duracell - Oct. 24, 2014
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