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Dep Corp.

This article was originally published in The Rose Sheet

Executive Summary

Acquisition by Dusseldorf, Germany-based Henkel for $93 mil. completed, the company announced Oct. 22. Henkel acquired approximately 94% of Dep's common stock Aug. 17 ("The Rose Sheet" Aug. 24, In Brief). The initial agreement between Henkel and Dep was reached July 14, enabling the German company to enter the U.S. hair care market and Dep to relieve its debt of $53 mil. and expand international distribution ("The Rose Sheet" July 20, p. 1)
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