Unilever Confirms Alberto Culver Shareholder Approval to Acquire Company for $3.7 Billion
17 Dezember 2010 - 11:24PM
Business Wire
Unilever today confirmed that Alberto Culver Company
shareholders have voted in favor of the proposed US$3.7 billion
Unilever acquisition, which was announced on September 27,
2010.
Separately, Unilever confirmed that it has received a second
request for information from the United States Department of
Justice (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 Vaseline in skin care.
About Unilever
Unilever works to create a better future every day. We help
people feel good, look good and get more out of life with brands
and services that are good for them and good for others.
Unilever is one of the world’s leading suppliers of fast moving
consumer goods. It operates in over 170 countries and has leading
positions in many of the emerging markets. Unilever products are
present in more than half the households on the planet and are used
over two billion times a day.
Our portfolio includes some of the world’s best known and most
loved brands including eleven €1 billion brands, and global
leadership in many categories in which we operate. The portfolio
features iconic brands such as: Knorr, Dove, Hellmann’s,
Rexona, Lipton, Pond's, Wall's, Persil, Flora/Becel,
Cif and Signal.
We have around 163,000 employees in approaching 100 countries,
and generated annual sales of €40 billion in 2009. For more
information about Unilever and its brands, please visit
www.unilever.com.
About Alberto Culver Company
Alberto Culver Company manufactures, distributes and markets
leading beauty care and other personal care brands including
TRESemmé, Alberto VO5, Nexxus, St. Ives, Simple and Noxzema in the
United States and internationally. It is also the second largest
producer in the U.S. of products for the ethnic hair care market
with leading brands including Motions and Soft & Beautiful. For
more information visit: www.alberto.com.
Safe Harbour
This announcement may contain forward-looking
statements, including ‘forward-looking statements’ within the
meaning of the United States Private Securities Litigation Reform
Act of 1995. Words such as ‘expects’, ‘anticipates’, ‘intends’,
‘believes’ or the negative of these terms and other similar
expressions of future performance or results, and their negatives,
are intended to identify such forward-looking statements. These
forward-looking statements are based upon current expectations and
assumptions regarding anticipated developments and other factors
affecting the Group. They are not historical facts, nor are they
guarantees of future performance. Because these forward-looking
statements involve risks and uncertainties, there are important
factors that could cause actual results to differ materially from
those expressed or implied by these forward-looking statements,
including, among others, competitive pricing and activities,
economic slowdown, industry consolidation, access to credit
markets, recruitment levels, reputational risks, commodity prices,
continued availability of raw materials, prioritisation of
projects, consumption levels, costs, the ability to maintain and
manage key customer relationships and supply chain sources,
consumer demands, currency values, interest rates, the ability to
integrate acquisitions and complete planned divestitures, the
ability to complete planned restructuring activities, physical
risks, environmental risks, the ability to manage regulatory, tax
and legal matters and resolve pending matters within current
estimates, legislative, fiscal and regulatory developments,
political, economic and social conditions in the geographic markets
where the Group operates and new or changed priorities of the
Boards. Further details of potential risks and uncertainties
affecting the Group are described in the Group’s filings with the
London Stock Exchange, Euronext Amsterdam and the US Securities and
Exchange Commission, including the 20-F Report and the Annual
Report and Accounts 2009. These forward-looking statements speak
only as of the date of this document. Except as required by any
applicable law or regulation, the Group expressly disclaims any
obligation or undertaking to release publicly any updates or
revisions to any forward-looking statements contained herein to
reflect any change in the Group’s expectations with regard thereto
or any change in events, conditions or circumstances on which any
such statement is based.
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