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)...
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