Unilever confirms Alberto Culver shareholder approval

Unilever confirms Alberto Culver shareholder approval


has confirmed that shareholders have voted in favour of the proposed $3.7 billion Unilever acquisition.

Separately, it has received a second request for information from the (DOJ) in the regulatory review process. Unilever will continue to work cooperatively with the DOJ in connection with its review. The transaction remains subject to regulatory reviews in other countries and is expected to be completed in due course.

The proposed acquisition includes brands such as TRESemmé, Alberto VO5, Nexxus, St. Ives and Simple. These will complement Unilever’s existing portfolio of iconic brands such as Dove, Clear and Sunsilk in hair care and Pond’s and in skin care.

Posted on: 31.12.2010
Source: www.worldpressonline.com