Unilever To Buy Sara Lee's Personal Care Business For EUR1.28 Billion
September 25 2009 - 4:04AM
Dow Jones News
Unilever PLC (ULVR.LN), the Anglo-Dutch manufacturer of food,
home care, and personal products including margarine, tea, and Dove
soap, said Friday it has made a binding offer to acquire the
personal care business of the Sara Lee Corporation (SLE) for
EUR1.275 billion in cash.
MAIN FACTS:
-The transaction is subject to regulatory approval and
consultation with European employee works councils.
-Sara Lee brands generated annual sales in excess of EUR750
million with an EBITDA of EUR128 million for the year ending
June.
-By London Bureau, Dow Jones Newswires; Contact Ian Walker; +44 (0)20 7842 9296; ian.walker@dowjones.com