Kalina Shares Surge On Report Of Acquisition By Unilever
14 Oktober 2011 - 9:27AM
Dow Jones News
Shares in Russian skincare company OAO Concern Kalina (KLNA.RS)
shot up 40% in Moscow Friday, following reports that Anglo-Dutch
consumer goods giant Unilever PLC (UL, ULVR.LN) is close to buying
it.
At 0654 GMT, Kalina shares were up 40% at RUB3,077 a share.
The Wall Street Journal reported late Thursday that Unilever is
nearing a deal to buy Kalina for about $850 million, citing people
familiar with the matter. The companies plan to announce the deal
as early as Friday, the people said.
Kalina declined to comment.
-By Nadia Popova, Dow Jones Newswires; +7 495 232-9198;
nadia.popova@dowjones.com
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