Batteries: Warren Buffett's Berkshire To Buy Duracell From P&G For $6.4 Billion Cash, Stock.

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Batteries: Warren Buffett's Berkshire to Buy Duracell From P&G for $6.4 Billion Cash, Stock.

Now we have Warren Buffett joining our Batteries and Energy Storage space. His stake in BYD years ago has made a lot of noise in the electric cars space. Now he will bring attention to the Energy storage business again. Batteries are everywhere now: mobile devices, electric cars and Solar and Wind Power will be the next driving force in this market.

International Lithium Partner China's Jiangxi Ganfeng Lithium Signs MOU With Boston-Power Inc.

Our strategic partner Ganfeng Lithium continues to build vertically integrated Lithium business in China. Now it is gaining access to the latest lithium batteries technology. International Lithium is the part of this international integration in order to secure the supply of lithium. Read more."

International Lithium: Kirill Klip - Q And A From ILC On Our Strategic Partnership With Ganfeng Lithium.

Bloomberg:

Berkshire to Buy Duracell From P&G for $6.4 Billion Cash, Stock

Warrren Buffett's Berkshire Hathaway Inc. (BRK/A) agreed to buy the Duracell battery business from Procter & Gamble Co. (PG) for $6.4 billion in cash and stock.

Berkshire will turn over $1.7 billion of cash and $4.7 billion of P&G shares held by Buffett's Omaha, Nebraska-based company, according to a Business Wire statement today.

To contact the reporter on this story: Dan Kraut in New York [e-mail] contact the editor responsible for this story: Christine Harper [e-mail] Bloomberg."