Unilever acquisition of Alberto Culver given shareholder nod

first_img whatsapp Share alison.lock whatsapp by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeMisterStoryWoman Files For Divorce After Seeing This Photo – Can You See Why?MisterStoryTotal PastThe Ingenious Reason There Are No Mosquitoes At Disney WorldTotal PastMoneyPailShe Was A Star, Now She Works In ScottsdaleMoneyPailSerendipity TimesInside Coco Chanel’s Eerily Abandoned Mansion Frozen In TimeSerendipity TimesBrake For ItThe Most Worthless Cars Ever MadeBrake For ItBetterBe20 Stunning Female AthletesBetterBeBeach RaiderMom Belly Keeps Growing, Doctor Sees Scan And Calls CopsBeach RaiderMagellan TimesThis Is Why The Roy Rogers Museum Has Been Closed For GoodMagellan TimesElite HeraldExperts Discover Girl Born From Two Different SpeciesElite Herald Unilever acquisition of Alberto Culver given shareholder nod Show Comments ▼center_img Monday 20 December 2010 4:11 am More From Our Partners Supermodel Anne Vyalitsyna claims income drop, pushes for child supportnypost.comA ProPublica investigation has caused outrage in the U.S. this weekvaluewalk.comPolice Capture Elusive Tiger Poacher After 20 Years of Pursuing the Huntergoodnewsnetwork.orgI blew off Adam Sandler 22 years ago — and it’s my biggest regretnypost.comBrave 7-Year-old Boy Swims an Hour to Rescue His Dad and Little Sistergoodnewsnetwork.orgMark Eaton, former NBA All-Star, dead at 64nypost.comNative American Tribe Gets Back Sacred Island Taken 160 Years Agogoodnewsnetwork.orgRussell Wilson, AOC among many voicing support for Naomi Osakacbsnews.comAstounding Fossil Discovery in California After Man Looks Closelygoodnewsnetwork.org SHAREHOLDERS in US consumer goods group Alberto Culver have voted in favour of its proposed $3.7bn (£2.38bn) acquisition by Unilever, announced on September 27.Alberto Culver brands include personal care names TRESemmé, Alberto VO5, Nexxus, St. Ives and Simple. The deal will make Unilever the world’s leading company in hair conditioning, the second largest in shampoo and the third largest in styling.Unilever has also confirmed it has received a second request for information from the US Department of Justice in the regulatory review process. The group said it would continue to work cooperatively with the DOJ.The transaction remains subject to regulatory reviews in other countries and is expected to be completed in due course. Tags: NULLlast_img read more

Fixed-price supplies help Dow boost revenue despite rising energy costs

first_img Share Fixed-price supplies help Dow boost revenue despite rising energy costs whatsapp whatsapp Thursday 3 February 2011 7:26 pm Tags: NULL KCS-content Show Comments ▼ DOW Chemical barely blinked at rallying energy costs in the fourth quarter as it tapped fixed-cost supplies from the Middle East and boosted customer pricing by 10 per cent.The largest US chemical maker effectively dodged $685m in higher costs for crude and natural gas, the building blocks for many of the paints and plastics that are Dow’s breadwinners.Dow’s joint ventures, including Kuwait-based MEGlobal and Equate, guarantee it fixed pricing for the crude and natural gas that the rest of the world barters daily on exchanges. Even as energy prices rise around the world, Dow’s own costs remain relatively low and it is able to still charge the market rate.Several of Dow’s businesses, including electronic and specialty materials, also make specialised products highly in demand, allowing the company to easily pass along higher costs.“The pricing is being set by the higher-cost crude oil link. Dow’s feedstock costs are flat in these low-cost areas and crude oil prices are ripping,” Alembic Global Advisors analyst Hassan Ahmed said. Dow’s quarterly results also got a boost from brisk agricultural, plastic and electronic sales.Net income rose to $426m, compared with $87m in the year-earlier period.Revenue rose 11 per cent to $13.77bn. Read This Next’A Quiet Place Part II’ Sets Pandemic Record in Debut WeekendFamily ProofHiking Gadgets: Amazon Deals Perfect For Your Next AdventureFamily ProofAmazon roars for MGM’s lion, paying $8.45 billion for studio behind JamesFamily ProofIndian Spiced Vegetable Nuggets: Recipes Worth CookingFamily ProofYoga for Beginners: 3 Different Types of Yoga You Should TryFamily ProofBack on the Rails for Summer New York to New Orleans, Savannah and MiamiFamily ProofChicken Bao: Delicious Recipes Worth CookingFamily ProofCheese Crostini: Delicious Recipes Worth CookingFamily ProofHomemade Tomato Soup: Delicious Recipes Worth CookingFamily Prooflast_img read more