WAITING PERIOD ENDS IN UNILEVER’S BID FOR HELENE CURTIS
NEW YORK — Unilever United States Inc. said that the Hart-Scott-Rodino waiting period for its proposed acquisition of Helene Curtis Industries Inc. expired Monday, effectively removing any objections from the federal government to the deal on antitrust grounds.
Unilever added that its $70-a-share tender offer for 11 million outstanding shares of Helene Curtis was scheduled to expire at the same time.
Last month, Unilever signed a merger agreement to acquire Helene Curtis, a Chicago-based maker of skin and hair care products, in a deal valued at $770 million.
Unilever United States Inc. is a unit of Anglo-Dutch consumer products giant, Unilever PLC.