A group of Alberto Culver Co. shareholders said Monday they had reached a settlement modifying terms of the company’s $3.7 billion cash acquisition by Unilever.
According to the plaintiffs, Alberto Culver has agreed to eliminate the “matching rights” provision granted to Unilever, allowing it to match any competing offers received, and to reduce the breakup fee attached to the deal to $100 million from $125 million. Competing bidders would be privy to the same information given to Unilever. The shareholder vote on the deal was pushed back to Dec. 17 from Dec. 13.
Issa Rae stopped by WWD's NYC headquarters to talk about season two of "Insecure," which premieres this Sunday on HBO. Click link in bio for all the details. #wwdeye (📷: @jgreenery; Styled by @mayteallende)
A Stella McCartney sketch of a custom dress made from protein-based silk in partnership with biotech lab Bolt Threads. The dress will be displayed at The Museum of Modern Art's upcoming design exhibition, "Items: Is Fashion Modern?"