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May 23, 2003
By: TOM BRANNA
Editor
Mellon HVB Alternative Strategies, a New York-based fund manager and holder of preference shares in Wella AG, is opposed to takeover terms being offered by Procter & Gamble Co. and has filed suit in Frankfurt’s higher court in an effort to block the deal from proceeding next week.The move is aimed at buying time for preference shareholders to appeal a decision by Germany’s financial markets regulator, BaFin, which had previously rejected claims that preference shareholders are r...
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