L'Oreal/Carson merger
This article was originally published in The Rose Sheet
Executive Summary
Department of Justice is collecting preliminary information about the competitive environment in the hair care business. DoJ is understood to be focusing on the U.S. ethnic hair care market, which indicates a specific interest in L'Oreal's pending $250 mil. offer for Carson. If approved, the combined companies would hold the largest stake in the $257.3 mil. ethnic hair care arena with a 33% share, according to data provided to Carson by Information Resources, Inc. (1"The Rose Sheet" March 6, p. 3). Both DoJ and FTC have jurisdiction in antitrust cases