By  on May 9, 2011

WASHINGTON — The Justice Department said Friday it will require Unilever and Alberto-Culver Co. to divest two hair care brands before Unilever can move forward with its $3.7 billion cash acquisition of Alberto-Culver, the Illinois-based owner of such brands as Nexxus, V05 and St. Ives.

The department’s antitrust division filed a civil lawsuit in U.S. District Court here on Friday to block the proposed acquisition between three Unilever entities — Unilever NV, Unilever plc and Conopco Inc. — and Alberto-Culver. But at the same time, the agency filed a proposed settlement that, with court approval, would resolve the competitive concerns alleged in the lawsuit.

To Read the Full Article

Tap into our Global Network

Of Industry Leaders and Designers

load comments
blog comments powered by Disqus