Subject category:
Finance, Accounting and Control
Published by:
IBS Case Development Center
Length: 9 pages
Data source: Published sources
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https://casecent.re/p/19357
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Abstract
When Procter and Gamble (P&G) acquired Wella, the German beauty products giant, the synergies painted a rosy picture. But the company is having its own share of woes with unrelenting minority shareholders refusing to sell the preference shares, expressing their dissatisfaction over P&G''s offer. They demanded that the preference shares should also receive the same price as that of voting shares. Even a year after the acquisition, the stalemate continues. The case delves into the synergies that P&G sought through Wella''s acquisition, and how the differential offer that the company made is stopping it from taking full control of Wella. The case offers scope to discuss the cross-border takeovers in the light of country-specific regulations. The case in point being the German Takeover Act.
Location:
Other setting(s):
2002-2004
About
Abstract
When Procter and Gamble (P&G) acquired Wella, the German beauty products giant, the synergies painted a rosy picture. But the company is having its own share of woes with unrelenting minority shareholders refusing to sell the preference shares, expressing their dissatisfaction over P&G''s offer. They demanded that the preference shares should also receive the same price as that of voting shares. Even a year after the acquisition, the stalemate continues. The case delves into the synergies that P&G sought through Wella''s acquisition, and how the differential offer that the company made is stopping it from taking full control of Wella. The case offers scope to discuss the cross-border takeovers in the light of country-specific regulations. The case in point being the German Takeover Act.
Settings
Location:
Other setting(s):
2002-2004