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EU Extends Review into P&G’s Wella Takeover

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By: TOM BRANNA

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The European Union Commission, Brussels, Belgium, extended its antitrust review of U.S. consumer giant Procter & Gamble’s EUR5.5 billion takeover of Wella AG by two weeks, according to a Dow Jones Business News report.The parties were due to find out this Thursday whether the EU Commission would clear the deal or subject it to an in-depth, four-month investigation. The deadline has now been pushed back to July 30. Experts said an extension of this kind usually means the parties have s...

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