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Wella Holding Group Opposing P&G’s Bid Grows

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By: TOM BRANNA

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A group of investors that has mobilized to pressure Procter & Gamble Co. into further sweetening its takeover bid for Wella AG has just gotten larger, according to its coordinator. “The group we’re working with now represents 35% of the preference share capital,” Stephen Aulsebrook, co-chairman of Close Brothers Corporate Finance Ltd., told Dow Jones Newswires Friday.Up until Friday’s announcement, the group led by the UK-based investment bank encompassed only 30% of...

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