BERLIN — Procter & Gamble is coming under increased pressure to raise its bid for Wella. Dissatisfaction among preference shareholders is reportedly mounting and sources say an unidentified group lodged a complaint on Thursday with BaFin, a German Financial Supervisory Agency. BaFin officials were not available for comment.

As reported, Procter & Gamble inked a deal to take control of Wella last month, offering the founding family $99.44 a share for their 77.6 percent of the voting shares. All dollar figures are calculated from the euro at current exchange rates.

To Read the Full Article
SUBSCRIBE NOW

Tap into our Global Network

Of Industry Leaders and Designers

load comments
blog comments powered by Disqus