Unilever wraps up Alberto Culver acquisition

LONDON – Unilever has completed its $3.7 billion deal to acquire Alberto Culver Co. The United Kingdom-based consumer products giant said Tuesday that it has obtained the necessary regulatory clearances to close the transaction, making it the world's leading company in hair conditioning, the second-largest in shampoo and the third-largest in styling. The announcement comes just days after Unilever unveiled an agreement with the U.S. Department of Justice in which it would divest the hair care brands Alberto VO5 from the Alberto Culver portfolio and the Rave hair brand from its own portfolio in order to proceed with the