Inside these posts: Hair care

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Alberto Culver tops Street on international sales

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 »

Alberto Culver deal may draw interest from rivals

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 »