OMAHA, Nov. 14 (UPI) -- Warren Buffett's Berkshire Hathaway has made a big purchase ahead of Christmas, batteries included.
In a structured transaction that will avoid taxes, Berkshire Hathaway will purchase Procter & Gamble's Duracell unit for $4.7 billion in P&G stock, while P&G will inject $1.8 billion in cash to recapitalize the battery maker.