Wal-Mart Stores (WMT) is planning a $4.6 billion offer for South African retailer Massmart.
The deal would value Massmart at 148 rand ($21.10) a share, Bloomberg News said. That’s 9.8% higher than the company’s last closing price.
“We are continuin…
Unilever (UL) announced early Monday that it had agreed to buy beauty care company Alberto Culver Company for $3.7 billion in cash.
The deal will make Unilever the world’s leading company in hair conditioning, the second largest in shampoo and the third largest in hair styling, Unilever said in a statement.
“We are delighted to be acquiring Alberto Culver,” Unilever CEO Paul Polman…
Continue reading Unilever to Buy Alberto Culver for $3.7 Billion
Unilever to Buy Alberto Culver for $3.7 Billion originally appeared on DailyFinance on Mon, 27 Sep 2010 06:35:00.
Filed Under: Company News, Technology, Unilever, Retail
Comcast will soon control NBC but doesn’t yet. Still, the cable giant is moving to put its own stamp on NBC, naming its own chief operating officer, Stephen Burke, to replace Jeff Zucker as CEO of NBC Universal.
…
Pharmacy giant Walgreen’s earnings are expected to be flat year-over-year, while Family Dollar Stores and electronics manufacturer Jabil Circuit are expected to post earnings gains.
Continue reading Week in Pre…
Some of Wall Street’s financial titans are facing lawsuits from equally formidable foes: Billionaire Len Blavatnick is suing JPMorgan Chase for losing $100 million of his money in subprime mortgages, and Norway is suing Citigr…