Posted
3:04 PM
by Gene
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.