said it has entered a tentative deal to sell its
product line to an undisclosed party. Gillette would not reveal the value of the deal but said it would make an announcement by March 31. The line, which brought in about $100 million in revenue last year, includes products such as
. Gillette retained investment bankers to considered options for its stationery and
hair care, household products and personal diagnostics lines.
In other postclose news:
said it has retained
Salomon Smith Barney
to considered strategic options for the company that could lead to a possible sale.
named Samuel Hubbard Jr. president and CEO. He replaces the retired John Wehle Jr., who remains chairman. Hubbard had been president and COO.
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The Night Watch.