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P&G becomes majority shareholder of Wella AG.(Brief Article)

Drug Store News

| September 03, 2003 | COPYRIGHT 1989 Reproduced with permission of the copyright holder. Further reproduction or distribution is prohibited without permission. (Hide copyright information)Copyright

DARMSTADT, Germany -- Procter & Gamble yesterday closed a 4.65 billion euro deal to purchase Wella AG, the German hair and beauty care company. The deal ushers P&G into the professional hair care market.

In accordance with the tender offer launched April 28, P&G will purchase the additional tendered Wella …

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