HBW Insight is part of Informa PLC

This site is operated by a business or businesses owned by Informa PLC and all copyright resides with them. Informa PLC’s registered office is 5 Howick Place, London SW1P 1WG. Registered in England and Wales. Number 8860726.

This copy is for your personal, non-commercial use. For high-quality copies or electronic reprints for distribution to colleagues or customers, please call +44 (0) 20 3377 3183

Printed By

UsernamePublicRestriction
UsernamePublicRestriction

Finance In Brief

This article was originally published in The Rose Sheet

Executive Summary

P&G tender offer results: Procter & Gamble owns 79.17% of the total registered share capital and about 84.9% of the value of the outstanding shares of Wella following the close of the second and final tender offer period, the company announces June 26. Ownership includes controlling interest secured through P&G's purchase agreement with majority owners. Approximately 9 mil. voting shares and 10.2 mil. preference shares were tendered, representing 20.5% and 43.5%, respectively, of each class of share, the firm says. Under German takeover law, P&G needed to acquire 95% acceptance in order to squeeze out remaining shareholders. The company says it will move ahead with plans to integrate the German hair care manufacturer following regulatory approval. Henkel, which had acquired 6.86% share capital in Wella prior to P&G's acquisition, tendered its stake...

You may also be interested in...



Regulatory In Brief

Wella buy gets green light: Federal Trade Commission grants regulatory approval to Procter & Gamble to proceed with its planned acquisition of German beauty firm Wella. P&G continues to pursue necessary regulatory and governmental approvals in other major markets including the EU, firm notes. P&G owns 79.17% of total registered share capital and about 84.9% of the value of outstanding shares of Wella following the close of the second and final tender period in June (1"The Rose Sheet" June 30, 2003, Finance In Brief)...

Regulatory In Brief

Wella buy gets green light: Federal Trade Commission grants regulatory approval to Procter & Gamble to proceed with its planned acquisition of German beauty firm Wella. P&G continues to pursue necessary regulatory and governmental approvals in other major markets including the EU, firm notes. P&G owns 79.17% of total registered share capital and about 84.9% of the value of outstanding shares of Wella following the close of the second and final tender period in June (1"The Rose Sheet" June 30, 2003, Finance In Brief)...

Revlon Boosted Marketing, Product Cuts To Follow $150 Mil. Investment

Revlon plans to accelerate several elements of its growth strategy using $150 mil. in cash from a funding proposal by investment firm MacAndrews & Forbes, which is wholly-owned by Revlon's majority investor, Chairman Ronald Perelman, the company announced Dec. 18

Related Content

UsernamePublicRestriction

Register

RS011320

Ask The Analyst

Please Note: You can also Click below Link for Ask the Analyst
Ask The Analyst

Your question has been successfully sent to the email address below and we will get back as soon as possible. my@email.address.

All fields are required.

Please make sure all fields are completed.

Please make sure you have filled out all fields

Please make sure you have filled out all fields

Please enter a valid e-mail address

Please enter a valid Phone Number

Ask your question to our analysts

Cancel