Welcome Guest to Happi

Subscribe Free: Magazine | eNewsletter

current issue July 2014
 •  P&G Looks to Reduce Palm Oil's Environmental Impact  •  Exchange Rates Dent Unilever  •  Big Green Boxes Big at Swiffer  •  Sealed Air Moves HQ  •  Style & Appearance On a Global Scale
Print

P&G To Take Over Wella



Published October 21, 2005
Related Searches: share care hair care financial
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