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SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
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FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934
Date of Report (Date of Earliest Event Reported): December 31, 1996
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THE GILLETTE COMPANY
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(Exact name of registrant as specified in charter)
DELAWARE 1-922 04-1366970
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(State or other jurisdiction (Commission File Number) (I.R.S. Employer
of incorporation) Identification No.)
Prudential Tower Building, Boston, Massachusetts 02199
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(Address of principal executive offices) (Zip Code)
Registrant's telephone number, including area code: (617) 421-7000
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Exhibit Index appears on page 5.
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ITEM 5. OTHER EVENTS
At the close of business on December 31, 1996, the previously announced
merger of a subsidiary of The Gillette Company ("Gillette") with Duracell
International Inc. ("Duracell") was completed.
A copy of a joint press release announcing that necessary actions to
permit the merger to be completed had been taken by stockholders of Gillette and
Duracell at special meetings held on December 30, 1996 is attached to this
report as Exhibit 99.1 and is incorporated herein by reference.
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ITEM 7. FINANCIAL STATEMENTS AND EXHIBITS.
(c) Exhibits
99.1 Joint Press Release issued by The Gillette Company and Duracell
International Inc. on December 30, 1996.
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SIGNATURE
Pursuant to the requirements of the Securities Exchange Act of 1934, the
registrant has duly caused this report to be signed on its behalf by the
undersigned hereunto duly authorized.
THE GILLETTE COMPANY
By: /s/ Thomas F. Skelly
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Name: Thomas F. Skelly
Title: Senior Vice President
and Chief Financial Officer
Date: December 31, 1996
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EXHIBIT INDEX
Exhibit No. Description of Exhibits Page
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99.1 Joint Press Release issued by The Gillette Company
and Duracell International Inc. on December 30, 1996.
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Exhibit 99.1
December 30, 1996
Immediately
David A. Fausch, Corporate Public Relations, (617) 421-7765
Everett R. Howe, Corporate Investor Relations, (617) 421-7750
GILLETTE-DURACELL MERGER APPROVED
BOSTON ... The Gillette Company and Duracell International Inc. announced that
at special meetings of the two companies held today, stockholders took the
necessary actions to allow the previously announced merger transaction to be
completed.
Upon the merger, each outstanding share of Duracell common stock will be
converted into 0.904 of one share of Gillette common stock and Duracell stock
options will become options on Gillette common stock on the same basis.
The merger is set to become effective at the close of business on December 31,
1996.
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