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Unilever Buys Sara Lee Arm for $1.9 Billion as Part of Emerging Market Expansion
Anglo-Dutch Unilever PLC/AG (NYSE ADR: UL, UN) on Friday made an aggressive play to expand its brand portfolio by purchasing the personal care arm of U.S.-based Sara Lee Corp. (NYSE: SLE). Unilever will pay $1.87 billion (1.28 billion euros) in cash for the business, which includes brands like Sanex and Radox. The acquisition is expected […]
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