In Brief: Unilever/Helene Curtis merger
This article was originally published in The Rose Sheet
Unilever/Helene Curtis merger: Unilever completes cash tender offer of $70 a share for 6.4 mil. of Helene Curtis' 11 mil. outstanding common shares, the firm said March 19. Unilever also expects to purchase 2.6 mil. Class B common stock shares from the Gidwitz family for $70/share and an additional 2 mil. shares by March 22, giving the Anglo-Dutch consumer products company control of over 90% of Helene Curtis' outstanding shares. Unilever's cash tender offer closed March 18. The two companies announced Unilever's acquisition of Helene Curtis for $770 mil. plus the assumption of $145 in debt Feb. 13 ("The Rose Sheet" Feb. 19, p. 1)...
You may also be interested in...
With a push from the Organic Consumers Association, the National Organic Standards Board is recommending that the use of nanotechnology be strictly prohibited from products certified under the National Organic Program
Though global market-size estimates differ, analysts at SupplySide West 2010 in Las Vegas agreed that cosmeceuticals remain a promising growth vehicle
The National Advertising Division concludes that by claiming the Schick Intuition Plus razor "lathers, shaves and moisturizes in one easy step," Energizer Personal Care is implying a long-term post-shave benefit comparable to that awarded by leave-on moisturizer, which is not supported by the company's evidence