Entries tagged "Unilever"
The latest fraud in the news did not defraud investors, but instead corporations that later sold some of the assets involved in the scams.
Scrubbing into a keenly contested auction, the bidders for Unilever's North American laundry business included well-known consumer product giants like Colgate-Palmolive Co. and Germany's Henkel KGaA. In the end they were washed out by a buyout shop that is hardly a household name -- New York-based Vestar Capital Partners, which has just $7 billion in assets under management....
Anglo-Dutch consumer products group Unilever on Monday agreed to sell its North American laundry business for an initial $1.45 billion in cash and shares to New York buyout shop Vestar Capital Partners. ...
Unilever, the Anglo-Dutch food group that is divesting noncore brands that do €2 billion ($3.2 billion) in sales, said Monday it would sell its Bertolli olive oil and vinegar products to Grupo SOS for €630 million. ...
Nestle SA's sale of a 25% stake in eye-care company Alcon Inc. for $11 billion could give the acquisitive Swiss consumer products giant ammunition for more deals. With some notable consumer product businesses on the auction block, Nestle would have some high-profile brands to buy....
