Deals
Unilever to Buy Alberto Culver for $3.7 Billion
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Unilever, the maker of Dove soap, agreed to buy Alberto Culver Co. for $3.7 billion in cash to add VO5 and Nexxus hair-care products in the company’s biggest purchase in a decade.
Unilever will pay $37.50 a share for the Melrose Park, Illinois-based business, Alberto Culver said in a statement today. That’s about 19 percent more than the closing price on Sept. 24. The purchase will add to earnings per share in its first year, according to a statement from Unilever.