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P&G Starts Hostile Takeover of Children’s Hospital |
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By Fred Pastry | Dealer staff writer
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Wed, Feb 16, 2005 |
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Right on the heels of the Gillette buy out, P&G shocks the city again. Today Douglas Kerns, P&G Director of Research announced they were buying out Children’s Hospital. Kerns said, “PETA has been after us for a while over concerns of animal testing. With this merger we hope to put to rest all of their fears.
PETA spokesperson Peter Wood expressed gratitude. “We have been saying for years that animal testing was completely unnecessary. I am glad that Procter & Gamble has shown that they are a truly compassionate & progressive company."
Wall Street jumped at the news. P&G stock is up 2¼. Financial analyst expect a 15% savings on research & development costs by using crack babies in lieu of expensive custom bred bunnies and chimps.
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