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Unilever NV (UN)

  • Sep. 21, 2014, 4:17 AM
    • Just months before its recent C-suite shuffle, Clorox (NYSE:CLX) reportedly rebuffed a takeover offer from a rival.
    • The spurned suitor valued Clorox at a 20% premium to its trading price.
    • Logical suitors include Church & Dwight (NYSE:CHD), Procter & Gamble (NYSE:PG), Jarden (NYSE:JAH) and Unilever (UL, UN)
    • In 2011 activist investor Carl Icahn offered $78/share for the company. Many believe the move was designed to tease out a strategic buyer. Shares closed Friday at $90.57.
  • Apr. 30, 2013, 3:50 AM
    Unilever (UN, UL) offers as much as $5.4B to boost its stake in its Indian unit Hindustan Unilever to a maximum of 75%. Unilever's 600 rupee/share bid is a 20.6% premium to Monday's close, but analysts say that may not be enough to entice foreign funds holding the shares to gain exposure to a hot Indian market. (PR)
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  • Oct. 14, 2011, 9:09 AM
    Unilever (UN) agrees to acquire 82% of OAO Concern Kalina in a deal that values the Russian cosmetics company at $694M, as the world's second-largest maker of branded household products strategically ramps up its presence in the fast-growing Eastern European region. UN +2.9% premarket.
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  • Jul. 15, 2011, 6:25 AM
    Icahn notes Clorox (CLX) "will not come close" to meeting sales growth forecasts of 3-5%/year. His offer is an attempt to prod CLX to pursue a deal with a "strategic buyer" (PG, UN, CL, KMB, Reckitt Benckiser, Henkel) - who Icahn believes will pay a higher price. "Quite simply, there are few strategic opportunities like Clorox."
    | 1 Comment
  • May. 6, 2011, 2:42 PM
    In order to wrap a $3.7B purchase of Alberto-Culver (ACV), Unilever (UN) must sell off the VO5 and Rave hair-care brands, the Justice Department says - otherwise the combined company would have a 90% dominance of low-end shampoos. ACV shareholders approved the buyout in December. (PR)
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Company Description
Unilever NV is a supplier of fast moving consumer goods. Its four principal areas of operations are: Personal Care, Home Care, Foods and Refreshment.
Country: Netherlands