Unilever: To Complete Takeover Of Sara Lee Brands In 2010
September 25 2009 - 4:49AM
Dow Jones News
Unilever NV (UN) expects to complete the takeover of Sara Lee
Corp.'s (SLE) personal care activities "sometime in 2010," a
Unilever spokeswoman told Dow Jones Newswires Friday.
According to the spokeswoman, sales of consumer goods firm Sara
Lee's personal care business grew 4% in the fiscal year ended June.
The spokeswoman couldn't say whether this was organic growth.
Unilever said Friday it has made a binding offer to buy Sara
Lee's personal care business for EUR1.275 billion in cash.
-By Maaike Noordhuis and Anna Marij van der Meulen, Dow Jones
Newswires; +31-20-5715 201; annamarij.vandermeulen@dowjones.com