Procter & Gamble’s bid for Wella haircare

Procter & Gamble’s bid for Wella haircare company is understood to have been blocked by Elliott Advisors, which holds about ten per cent of Wella’s preference shares.

Procter & Gamble’s bid for Wella haircare company is understood to have been blocked by Elliott Advisors, which holds about ten per cent of Wella’s preference shares. Elliott is believed to be taking Germany’s financial regulator to court for approving P&G’s e5.5bn (&£3.9bn) bid.

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