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June 18, 2003
By: TOM BRANNA
Editor
With just 48 hours for Procter & Gamble to mop up remaining Wella shares, lawyers for a hedge fund opposing the deal said on Wednesday their case would be heard by a Frankfurt court next week, according to a Reuters report.“We have received a summons and the hearing is set for June 26,” Gerhard Kaiser, a partner at the law firm Dechert LLP told Reuters.Disgruntled preference shareholders say they have been unfairly treated in P&G’s 5.6 billion euro ($6.6 billion) take...
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