Procter & Gamble, the US consumer goods company, is still scrapping with Close Brothers and a group of shareholders over its proposed takeover of Wella, the German haircare group, despite efforts by the target to clarify its opinion.

In March, Procter & Gamble agreed to buy 77.6% of the ordinary shares of Wella from a group of family shareholders. The firm has made an offer for the remainder of the shares. Wella's management were initially apprehensive about the offer, which valued the company at €5.4bn ($6.2bn), but said on Friday that the deal was fair.