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Alberto-Culver Co.’s fiscal first-quarter earnings rose 30 percent, missing Street estimates, as currency fluctuations and rising input costs dampened sales growth.
The personal-care product maker’s shareholders approved its $3.7 billion acquisition by consumer products giant Unilever PLC last month after it conceded in November to some institutional investors’ demands for the company to make itself more amenable to competing offers. Get the full story »
Shareholders of Alberto-Culver Co., the maker of beauty products such as VO5 and Noxzema, have approved the company’s $3.7 billion takeover by consumer products maker Unilever NV, the companies said on Friday.
The company also said it and Unilever have received a second request for information from the Department of Justice, which is reviewing the deal. Get the full story »
From Bloomberg | Unilever’s $3.7 billion takeover of Melrose Park-based Alberto Culver Co. may be reviewed by U.K. antitrust regulators, who said in a statement that they are looking at whether the deal could trigger “a relevant merger situation” and whether it was likely to reduce competition.
Alberto Culver has agreed to settle a shareholder lawsuit over the beauty care company’s proposed $3.7 billion takeover by Unilever NV, lawyers for the investors said.
The settlement is designed to address concerns that the merger agreement might have dissuaded prospective competing acquirers from making better takeover bids, the shareholders’ lawyers said. Get the full story »
Alberto Culver Co. reported a better-than-expected quarterly profit, boosted by strong sales in Latin America and Canada.
Net income at the maker of Alberto V05 and TRESemme shampoos rose to $41.3 million, or 41 cents a share, in the fourth quarter ended Sept. 30, up from $31.7 million, or 32 cents a share, a year earlier. Get the full story »
Bloomberg News | L’Oreal SA and Henkel AG could be interested in Alberto Culver Co., which Unilever yesterday agreed to buy for $3.7 billion, JPMorgan Chase & Co. analysts said.
Alberto Culver shares rose 20 percent to $37.64 yesterday after the deal was announced, above the $37.50 a share Unilever agreed to pay for the maker of VO5 and TRESemme hair-care products. Unilever said there is a $125 million breakup fee if the deal is terminated. Get the full story »
Gina Boswell, president of global brands, stands in an Alberto Culver lab in 2008. (Chicago Tribune/Alex Garcia)
Consumer goods group Unilever will buy U.S. hair and skin care company Alberto Culver for $3.7 billion in the latest move to rebalance its portfolio toward higher growth lines.
The news sent Alberto Culver stock up 20 percent to $37.73, near its 52-week high of $32.08, in midday trading.
Unilever’s biggest acquisition in a decade will add brands such as V05, TRESemme and Nexxus to Unilever’s existing Dove and Sunsilk, and make it the world’s leading company in hair conditioning and the second largest in shampoo. Get the full story »
Alberto Culver Co. posted a stronger-than-expected quarterly profit, as the maker of Alberto V05 and Tresemme shampoos saw double-digit sales growth across its beauty care brands.
Net income in the third quarter ended June 30 rose about 69 percent, to $47.2 million, or 47 cents a share, from almost $28 million, or 28 cents a share, a year earlier. Get the full story »
