US-based manufacturer of beauty and personal care brands, Alberto Culver Company has announced that its stockholders has approved the Agreement and Plan of Merger, which provides for the acquisition by Unilever of all outstanding shares of Alberto Culver.
It also confirmed that Alberto Culver and Unilever have received a second request for information from the United States Department of Justice (the “DOJ”), which is reviewing the transaction as part of the regulatory process under the Hart-Scott-Rodino Antitrust Improvements Act of 1976, as amended (the “HSR Act”).
The closing of the transactions contemplated by the merger agreement remains subject to regulatory approvals and the fulfillment or waiver of certain other closing conditions that have not yet been satisfied. Alberto Culver expects the merger to close in the calendar year 2011.
Posted on: 24.12.2010