BERLIN — Henkel’s addition to the bidding battle for Wella Group has heated the simmering speculation about a possible Procter & Gamble takeover of the hair care giant to the boiling point.
On Tuesday, a leading German financial daily quoted a manager involved in the negotiations as saying: "A [P&G] offer is just a matter of days [away]." The paper further stated that most of the family controlling Wella is "now ready to sell."
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