P OWOROS POWERED BY TINY QUESTION 44 10 points Seven This is a short-answer type question. Students should provide their analyses, justifications and logics to support your answers in order to get the full points. If they are limited, it is possible that students get reduced points or zero point. Read the following summary of Gillette case. What types of restructuring strategies did Gillette use in 1999 and 2005 respectively? Whar are main purposes of these restructuring strategies? Please show your logical justifications. Gillett had originally acquired Duracell in September of 1996 for 57.3 billion in stock. Gillette's earnings had been growing at 17% annually for the six years prior to the acquisition. However, Gillette's stock price, at $34. had fallen 45% since its high in 1999. In September of 1999, Gillette announced a round of layoffs and a restructuring. Gillette cul 4,700 jobs and shut down 14 plants, saving $200 million. Finally, Gillette spun ott Duracell in 2005 as part of a wider restructuring scheme. Berkshire Hathaway declared its intent to acquire Duracell in 2004, and this acquisition received regulatory approval. For the toolbar, press ALT-E10 Por ALTHEN F10 (Mac) BTS Paragraph Arial 10pt ES A TA YOU Q 5 wa Save Save and Chick Save and Subtose and mimit. Click Save All Arena MacBook Air 80 899 F6 14 FF A og # % 5 & 7 } 8 0 a 2 3 6 4 1 Y U 0 E T W R