l In an effort to move closer to L’Oréal in the global hair care arena, Procter & Gamble will acquire Wella for nearly $6 billion. Under terms of the agreement, P&G will acquire 77.6% of the founding Stroeher family’s common shares. This represents 50.7% of Wella’s total share capital, and amounts to an overall payment of 3.2 billion euros ($3.40 billion), or 92.25 euros a voting share, industry sources said. P&G is set to clinch a deal to acquire Wella for roughly $5.9 billi...