Our Terms of Service and Privacy Policy have changed.

By continuing to use this site, you are agreeing to the new Privacy Policy and Terms of Service.

Unilever buys Alberto Culver for $3.7 billion

By CNNMoney.com staff

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.

Alberto Culver owns a wide range of beauty care brands. In addition to haircare products, it also is the manufacturer of skincare lines Noxzema and St. Ive's. To top of page

Search for Jobs

Index Last Change % Change
Dow 19,858.01 58.16 0.29%
Nasdaq 5,567.41 14.47 0.26%
S&P 500 2,271.38 6.18 0.27%
Treasuries 2.43 0.03 1.12%
Data as of 11:12am ET
Company Price Change % Change
Bank of America Corp... 22.87 0.31 1.37%
Verizon Communicatio... 50.13 -2.28 -4.35%
Freeport-McMoRan Inc... 16.57 0.85 5.41%
Qualcomm Inc 55.57 0.69 1.26%
Micron Technology In... 22.88 1.00 4.55%
Data as of 10:57am ET


Malaysian budget carrier AirAsia says it's gotten the all clear from U.S. authorities to fly its passenger jets to American airports. More

Donald Trump promised to call China out for being a 'currency manipulator' on day one. It didn't happen. CNNMoney explains what exactly that means and whether it is likely to happen later. More

Entrepreneur Cindy Gallop, the founder of Make Love Not Porn, wants to combat the fact that sex is still considered taboo. The world needs sex tech now more than ever, she argues. More