Unilever said it will cut its stake in JohnsonDiversey from 33% to 4%. The group will receive $158 million in cash together with $250 million senior notes with a 10.5% coupon, payable in cash or kind. The deal, which is expected to close before the year end, follows on from the original 2002 sale of Unilever’s institutional and industrial cleaning business to Johnson Wax Professional. Meanwhile, JohnsonDiversey announced that Clayton, Dubillier & Rice, will take a 46% int...