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May 28, 2003
By: TOM BRANNA
Editor
Henkel KgaA, Frankfurt, said Wednesday that it hasn’t sold its 6.86% stake in hair care products maker Wella AG to The Procter & Gamble Co. Henkel has until midday to accept P&G’s offer of EUR65 for each preference share and EUR92.25 for each ordinary share.In March, P&G paid EUR5.54 billion to buy 77.6% of Wella’s ordinary shares, giving it 50.7% of Wella’s total share capital. P&G said it wanted to gain 100% control of Wella, but has struggled to per...
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