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June 26, 2003
By: TOM BRANNA
Editor
Procter & Gamble Co. said 28.47% of Wella AG’s registered shares were tendered in its offer for the German firm, which will bring its stake in Wella to 79.17% of registered share capital. The consumer products giant said about 9.1 million voting shares and 10.2 million preference shares of Wella were tendered in the offer, which expired last Friday.P&G agreed to buy 77.57% of the hair care product maker’s voting shares on March 17 for about $7 billion. A day later, P&G...
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