MORE WELLA SHARES: Procter & Gamble, in the midst of its mandatory extended two-week offer period expiring June 20, has scooped up another 10 percent of Wella’s shares, bringing its holdings to 60 percent of the German firm’s share capital. As reported, P&G already has control of Wella from family shareholders. According to an overseas report, P&G’s chief financial officer, Clayton Daley, told Wella shareholders — primarily a minority group of stakeholders who own preferred shares and are hoping for a higher bid — not to expect a better offer than what’s already on the table.
This story first appeared in the June 13, 2003 issue of WWD. Subscribe Today.
PARTY ALL NIGHT: Matrix hosted a Tony party for the entire cast and crew of the musical, “Hairspray,” last Sunday night at Manhattan’s Bryant Park Grill. The post-Tony bash was attended by celebrities that included Zac Posen, Sarah Jessica Parker, Matthew Broderick, Alan Cumming, Bill Maher and comedienne Caroline Rhea, as well as “Hairspray” castmate Marissa Jaret Winokur, who won Best Performance by a Leading Actress in a Musical, and Harvey Fierstein, who won Best Performance by a Leading Actor in a Musical.