Unilever To Buy Sara Lee's Personal Care Unit
Unilever PLC (ULVR.LN) said Friday it will buy Sara Lee Corp.'s (SLE) Personal Care business for EUR1.28 billion in cash to strengthen its operations in Western Europe and Asia in the first M&A deal by the Anglo-Dutch consumer giant since its Chief Executive Paul Polman took the reins.
Unilever will add skin cleansing and deodorant brands such as Sanex, Radox and Duschdas to its stable of products such as Dove, Axe and Rexona. It also produces Ben & Jerry's ice cream, Dove soap, Lipton teas and Hellmann's mayo.
Polman, who took over as CEO in January, said in a statement "the Sara Lee brands enjoy strong consumer recognition, offer significant growth potential and are an excellent fit with Unilever's existing business." Polman is in the Far-East for work and wasn't available to comment further, a company spokesman said.
Unilever said there is "significant potential" to build the newly acquired brands in developing and emerging markets, which generate approximately 15% of Personal Care's annual sales for Sara Lee.
The Sara Lee brands generated annual sales of more than EUR750 million and earnings before interest, tax, depreciation and amortization of EUR128 million for the financial year to the end of June, 2009.
Source : http://online.wsj.com/article/BT-CO-20090925-704049.html
Related searches:
unilever, radox, sanex, sara lee unilever, unilever sara lee
Showing posts with label BUSINESS. Show all posts
Showing posts with label BUSINESS. Show all posts
Sep 25, 2009
Ijango - Membership Rewards Community
some people are talking that this MLM program is Scam so be carefull :
iJango Scam by Con Man Cameron Sharpe so what is iJango ?
iJango is an online community where members are rewarded for the online activites we all do every day.
$ Become a Member
Become an iJango Community Member for FREE and receive your own web portal today.
$ Become a Director
Increase your earning power by growing your community as an iJango Community Director.
iJango is one of the most exciting success stories in the business world today! The company was launched in the Summer of 2009 and has experienced explosive, viral growth from day one. The iJango culture is not only young and progressive but also matched with seasoned executives. This mix makes a vibrant group dedicated to the success of the iJango Community.
iJango Scam by Con Man Cameron Sharpe so what is iJango ?
iJango is an online community where members are rewarded for the online activites we all do every day.
$ Become a Member
Become an iJango Community Member for FREE and receive your own web portal today.
$ Become a Director
Increase your earning power by growing your community as an iJango Community Director.
iJango is one of the most exciting success stories in the business world today! The company was launched in the Summer of 2009 and has experienced explosive, viral growth from day one. The iJango culture is not only young and progressive but also matched with seasoned executives. This mix makes a vibrant group dedicated to the success of the iJango Community.
Jul 22, 2009
Free Market Warrior
A kiosk owner Loren Spivack who sells pro conservative and anti Obama materials at his Free Market Warrior store will not have his lease renewed after 2 whole letters were sent in complaint to the mall company. Much like the Free Market Warrior and the train perhaps location can make this business work but I wonder.
The Free Market Warrior is a business renting space in the Concord Mills Mall in Concord NC. And just like Jennifer Ibanez the one liberal patron who complained because the Free Market Warrior kiosk was selling anti obama merchandise everyone in the area of Concord Mills should complain that the Free Market Warrior is being.
Whatever your opinion the fact is this At the end of July Free Market Warrior will not be allowed at Concord Mills Mall. Concord Mills mall officials said they will no longer allow businessman Loren Spivack to sell his politically charged merchandise in their mall. I put the over under of the BJO at less than two months perhaps lower if they only have one inventory delivery.
At least one passerby found the kiosk racist and bigoted and took time to tell the mall in a letter and a letter to the editor of the Charlotte Observer. Conservatism at Concord Mills Mall is racist according to at least one. Spivack insists that its an issue of free speech
We always had positive relations with the mall until someone wrote a letter to the mall accusing us of advocating racism sexism and slavery. The kiosk chains owner shared email correspondence with News Channel 36 that explains that the mall management. Their lease will not renewed when it expires on July 31 2009. Free Market Warrior has been operating its kiosk in concord mills mall for 2 months.
The Free Market Warrior is a business renting space in the Concord Mills Mall in Concord NC. And just like Jennifer Ibanez the one liberal patron who complained because the Free Market Warrior kiosk was selling anti obama merchandise everyone in the area of Concord Mills should complain that the Free Market Warrior is being.
Whatever your opinion the fact is this At the end of July Free Market Warrior will not be allowed at Concord Mills Mall. Concord Mills mall officials said they will no longer allow businessman Loren Spivack to sell his politically charged merchandise in their mall. I put the over under of the BJO at less than two months perhaps lower if they only have one inventory delivery.
At least one passerby found the kiosk racist and bigoted and took time to tell the mall in a letter and a letter to the editor of the Charlotte Observer. Conservatism at Concord Mills Mall is racist according to at least one. Spivack insists that its an issue of free speech
We always had positive relations with the mall until someone wrote a letter to the mall accusing us of advocating racism sexism and slavery. The kiosk chains owner shared email correspondence with News Channel 36 that explains that the mall management. Their lease will not renewed when it expires on July 31 2009. Free Market Warrior has been operating its kiosk in concord mills mall for 2 months.
Jul 21, 2009
Chevron will Fight Againts Ecuador Lawsuit in US
Chevron Expects to Fight Ecuador Lawsuit in U.S.
Chevron Corp. (CVS), which expects to be on the losing end of a long-running environmental lawsuit in Ecuador, is turning its attention to fighting the expected multibillion-dollar verdict in the U.S.
The plaintiffs in the case, residents of Ecuador's oil-producing Amazonian rainforest, are seeking to hold Chevron responsible for environmental contamination they say was caused by Texaco, which operated in Ecuador from 1964 to 1990 and was bought by Chevron in 2001. An expert appointed by the Ecuadorian court has recommended the judge award the plaintiffs $27 billion in damages from Chevron, which would be the biggest environmental judgment against an oil company to date.
More : http://finance.yahoo.com/insurance/article/107364/chevron-expects-to-fight-ecuador-lawsuit-in-us.html
Chevron Corp. (CVS), which expects to be on the losing end of a long-running environmental lawsuit in Ecuador, is turning its attention to fighting the expected multibillion-dollar verdict in the U.S.The plaintiffs in the case, residents of Ecuador's oil-producing Amazonian rainforest, are seeking to hold Chevron responsible for environmental contamination they say was caused by Texaco, which operated in Ecuador from 1964 to 1990 and was bought by Chevron in 2001. An expert appointed by the Ecuadorian court has recommended the judge award the plaintiffs $27 billion in damages from Chevron, which would be the biggest environmental judgment against an oil company to date.
More : http://finance.yahoo.com/insurance/article/107364/chevron-expects-to-fight-ecuador-lawsuit-in-us.html
Jul 1, 2009
reverse stock split
American International Group, Inc. (AIG) stock is significantly higher today due to a reverse stock split voted at the annual shareholders meeting yesterday. As of 7:42am EST on July 1, 2009, AIG shares are trading at $20.33. AIG Insurance has voted on a 1-20 reverse stock split. The amount of your shares decreases by 20 times while the stock price increases by 20 times. AIG stock should open and trade around $23.20 given the $1.16 close on June 30.
A reverse stock split reduces the number of shares and increases the share price proportionately, said Mary Junck, chairman and chief executive officer. "Meanwhile, investors are awaiting a reverse stock split that is expected to come into affect (sic) later today. This would mean if you own 1000 shares. a previously announced reverse stock split will not be effective with the opening of trading on July 1, 2009".
Related searches:
reverse stock split definition, aig, aig reverse stock split, aig stock split, aig stock
A reverse stock split reduces the number of shares and increases the share price proportionately, said Mary Junck, chairman and chief executive officer. "Meanwhile, investors are awaiting a reverse stock split that is expected to come into affect (sic) later today. This would mean if you own 1000 shares. a previously announced reverse stock split will not be effective with the opening of trading on July 1, 2009".
Reverse Stock Split - Definition of Reverse Stock Split on Investopedia - A reduction in the number of a corporation's shares outstanding that increases.
Related searches:
reverse stock split definition, aig, aig reverse stock split, aig stock split, aig stock
Subscribe to:
Posts (Atom)