Bidders may be lining up for Sara Lee as private equity firm Apollo assembles an investor group to explore a possible offer and Brazilian meat-processor JBS considers coming back with a better deal.
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Consumer goods company Unilever NV (UL) reported third quarter earnings of 0.43 euros per diluted share, up from 0.36 euros a year earlier.
Sales rose 13.2% to 11.5 billion euros ($16.4 billion), driven by a strong performance in emerging markets, the company said in a statement.
Higher sales, lower costs and a weaker euro boosted earnings, Unilever said.
“We have delivered another…
Continue reading Unilever Earnings Rise on Strong Sales, Weak Euro
Unilever Earnings Rise on Strong Sales, Weak Euro originally appeared on DailyFinance on Thu, 04 Nov 2010 07:56:00.
Filed Under: Company News, Earnings, Unilever, Retail, Currency
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
Cheap, versatile palm oil has long been used as an ingredient in everything from ice cream and chips to lotions and soaps. But its production causes severe environmental damage, which is why Unilever, the world’s biggest buyer …