Unilever confirms Alberto Culver shareholder approval to acquire company for $3.7 billion
London & Rotterdam – Unilever today confirmed that Alberto Culver Company shareholders have voted in favour 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.
Media ContactsEnglewoodCliffs, NJ (USA): Anita Larsen +1 201 894 7760
London: Paul Matthews +44 1372 945 925
Rotterdam: Flip Dötsch +31 (0) 10 2174844
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