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November 10, 2003
By: TOM BRANNA
Editor
Holdout shareholders in Wella AG, Procter & Gamble’s latest acquisition, stepped up their campaign for a fatter payoff Monday, claiming that P&G’s plans for the German hair care firm oblige it to offer them better terms.P&G concluded its takeover of Wella in September after buying out family shareholders, expanding its hair-care business in Europe. P&G has said it expects the combination to yield cost savings of US$300 million (US$345 million).But minority investo...
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