LONDON (CNNMoney.com) -- Alberto Culver, the maker of Tresemme and Alberto VO5 haircare products, said Monday it has agreed to a $3.7 billion buyout.
The Melrose Park, Ill.-based company said it has reached a deal to be bought by global consumer goods giant Unilever.
Unilever will pay $37.50 a share for Alberto Culver (ACV), which represents a 19% premium to the company's closing price on Friday.
The IRS is in damage control mode Tuesday after an audit revealed that it paid bonuses to employees who were in trouble over tax issues themselves. More
Upstart Aereo goes before Supreme Court justices in challenge by broadcasters who say TV streaming services violates copyrights. More
Student loan borrowers are suddenly being thrown into default when the co-signer on their loan -- often a parent or grandparent -- dies or files for bankruptcy. More