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August 2, 2000
By: TOM BRANNA
Editor
L’Oreal USA has completed its cash tender offer for all outstanding common stock of Carson, Inc. at $5.20 a share. This offer was completed after L’Oreal reached an agreement with the Department of Justice. The agreement calls for L’Oreal USA to divest Carson’s Gentle Treatment and Ultra Sheen Supreme relaxer brands and the Johnson Products name.L’Oreal USA’s main interest here in the U.S. was to acquire Carson’s Dark & Lovely franchise, the menR...
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