Unilever to buy Al­berto Cul­ver

Los Angeles Times - - Business -

Unilever, the maker of Dove soap, agreed to buy Al­berto Cul­ver Co. for $3.7 bil­lion in cash to add VO5, Nexxus and TRESemme hair­care prod­ucts in the Bri­tish and Dutch com­pany’s biggest pur­chase in a decade.

Unilever will pay $37.50 a share, about 19% more than the Fri­day clos­ing price of Al­berto Cul­ver, based in Mel­rose Park, Ill.

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