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Wella Shareholder Group Fires New Salvo at P&G

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By: TOM BRANNA

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Minority shareholders in Wella said on Wednesday they would employ injunctions and special audits to ensure the firm operates independently and in their interests after Procter & Gamble acquired control, according to a Reuters report.The U.S. consumer products giant holds just under 80% of the German hair care company’s share capital following last month’s tender offer, leaving it short of the 95% needed to delist Wella as a separate entity.“P&G must accept… hat...

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