Unilever Can Buy Alberto-Culver After Divestiture, U.S. Says

Unilever, the world’s second-biggest consumer goods company, won U.S. approval for its $3.7 billion acquisition of Alberto-Culver Co. on the condition it sells the Alberto VO5 brand in the U.S. and divests its Rave brand.

The divestitures are needed to resolve the competitive concerns about the transaction, the antitrust division of the Justice Department said today in an e-mailed statement.