	jacobs sells stake in gillette gs minneapolis investor irwin jacobs said he sold the stake he held in gillette co gs after deciding that he could not force gillette to accept a dlr a share takeover bid made by revlon group inc rev revlon s bid expired last week after being repeatedly rejected by gillette jacobs had earlier considered waging a proxy fight over gillette jacobs told reuters he sold the gillette stake which he called substantial but under five pct a few weeks ago over a period of several days he said he sold the stock at a profit but did not disclose the selling price gillette s stock was at up in morning trade off the high of reached after revlon announced its bid jacobs said he sold his gillette stake based on an investment decision i surely did not see this happening he said of monday s stock market free fall a gillette spokesman said the mpany had no comment jacobs said he and fellow investor carl pohlad continue to hold a stake in allegheny international inc ag in august they disclosed in a securities and exchange commission filing that they had uired shares or pct of allegheny and would consideer seeking control of the company reuter 
