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Alberto-Culver Reports Q1 Sales Jump

Increase nearly 12% to $405 million.

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By: TOM BRANNA

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Alberto Culver said first quarter sales increase 11.7% to $405.3 million. On an organic basis, which excludes the effect of foreign currency fluctuations and acquisitions, sales increased 4.4% in the current quarter. On September 27, 2010, the company entered into a definitive agreement with Unilever pursuant to which Unilever will acquire all of the outstanding shares of Alberto Culver for $37.50 per share in cash. On December 17, 2010, the transaction was approved by Alberto Culver st...

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