Wella AG
Wella AG english
Wella AG confirms agreement betw. family shareholders and Procter & Gamble
Ad-hoc-announcement processed and transmitted by DGAP.
The issuer is solely responsible for the content of this announcement.
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Notice of Wella AG pursuant to Section 15 Securities Exchange Act:
Wella AG confirms signing of agreement between family shareholders of Wella AG
and Procter & Gamble
Darmstadt, 18 March 2003: The Executive Board of Wella AG has been informed by
the family shareholders that Procter & Gamble has signed an agreement with the
family shareholders of Wella AG according to which it will acquire 77.6% of the
voting shares in Wella AG. This represents 50.7% of Wella’s total share
capital. According to the information provided to management the purchase price
is Euro 92.25 per voting share.
The Executive Board expects that Procter & Gamble will make a public offer to
the remaining holders of ordinary and preference shares in Wella AG pursuant to
the German Securities Acquisition and Takeover Act.
Based on the formal offer document, which Procter & Gamble has to publish in
this event, the Executive Board will opine upon the consideration offered and
the possible consequences of this transaction for the company and its
employees, and publish its findings in the statement pursuant to Section 27
German Securities Acquisition and Takeover Act.
Contacts:
Investor Relations Corporate Communication
(for institutional investors, analysts (for the press):
and interested retail investors):
Michaela Wanka Birgit Klesper
Phone ++49-6151-34 3962 Phone ++49-6151-34 3440
Mail: ir@wella.de Mail: uk@wella.de
end of ad-hoc-announcement (c)DGAP 18.03.2003
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WKN: 776560; ISIN: DE0007765604; Index: MDAX
Listed: Amtlicher Markt in Berlin und Frankfurt (Prime Standard); Freiverkehr in
Düsseldorf, Hamburg, München und Stuttgart
180807 Mär 03
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