	france approves waterman uisition by gillette gillette co gs exercised an option to take a pct stake in the french pen firm waterman which it had previously been authorised to do by the french government the french stockbrokers association csac said gillette has given an undertaking to intervene on the bourse until april to prevent waterman shares from falling below francs it added this compares with yesterday s rate of francs under the agreement concluded last november between waterman owners francine and grace le foyer gomez and alice lundgren and the gillette group gillette agreed to uire pct of the capital of waterman at francs a share gillette is buying a total shares valuing the deal at mln francs reuter 
