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September 2, 2003
By: TOM BRANNA
Editor
Procter & Gamble closed a EUR4.65 billion deal to purchase Germany-based Wella AG. Procter & Gamble Company closed the stock purchase agreement with the family shareholders of Wella AG, Wella said in a statement.In accordance with the tender offer launched on April 28, 2003, P&G will purchase the additional tendered Wella shares on Sept. 10, the company said. With these combined transactions, P&G will own 98.1% of Wella voting shares and 79.2% of total company shares for a pu...
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