Henkel CEO counters Wella rumours

FRANKFURT — Henkel CEO Kasper Rorsted has dismissed speculation that the consumer goods manufacturer is readying itself to acquire hair care firm Wella from Procter & Gamble. In an interview with Die Welt, Rorsted remarked that the company doesn’t need “big, multi-billion-euro acquisitions to reach our financial goals.” Reuters had earlier reported that Henkel made a bid of between $5 and $7 billion for the business. Rorsted did not close the door on such an offer, however, acknowledging the company is open to “takeovers if they make a good strategic fit and if the price is right.”