Eugene David
...The One-Minute Pundit

Friday, May 06, 2011


WHACK-A-MOLE:

In order to wrap a $3.7B purchase of Alberto-Culver (ACV), Unilever (UN) must sell off the VO5 and Rave hair-care brands, the Justice Department says - otherwise the combined company would have a 90% dominance of low-end shampoos. ACV shareholders approved the buyout in December.

As we too often see with government-ordered spinoffs, businesses can aggregate in other ways (witness the BOCs), making such arbitrary mandates pointless -- at best.

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