Welcome Guest to Happi

Subscribe Free: Magazine | eNewsletter

current issue March 2015
 •  Save Your Seat at Happi's Brand Building Breakfast  •  Despite Global Tensions, Execs Expect Growth  •  Sizzling Somers  •  Suavitel Adds In-Wash Scent Booster  •  Bergdorf Goodman Picks Up Caron Paris
Print

P&G To Take Over Wella



Published October 21, 2005
Related Searches: share financial care hair care
Post a comment
Procter & Gamble Co. has announced it has boosted its stake in Wella AG and plans to fully take over the German hair care company. P&G said it now holds more than 95% of Wella’s shares. A company spokesman declined to disclose financial terms of its acquisition. Procter & Gamble acquired a controlling interest in Wella in 2003 for roughly $3.42 billion; it also purchased shares secured through a tender offer for $1.67 billion, giving the company about 81% percent of Wella’s outstanding shares at that time.


blog comments powered by Disqus