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Henkel Says It's Not in Talks over Wella Stake
May 8, 2003
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German consumer goods group Henkel said that it was currently not in negotations over the future of its near 7- percent stake in hair care firm Wella. "We have heard that a grouping of shareholders are working hard to get a better price without us," Henkel Chief Executive Ulrich Lehner said during a conference call with analysts. He stressed that Henkel was not part of shareholder group and said that he was interested in learning what Wella's board made of Procter & Gamble's (NYSE:PG - News) recently improved offer for preference shares as part of its takeover bid for the firm. (Reuters)

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