L'Oreal
This article was originally published in The Rose Sheet
Executive Summary
Department of Justice clears $250 mil. Carson acquisition, L'Oreal announces Aug. 1. A tender cash offer for all outstanding Carson Class A common stock will be extended at $5.20 per share. DoJ orders L'Oreal to divest Carson's Gentle Treatment, Johnson Products and Ultra Sheen Supreme, but allows the firm to retain its main interests, the Dark & Lovely, Magic Shave and Dermablend businesses. The antitrust review, which began in April, was initiated because the deal would have given L'Oreal a 33% share in the ethnic hair care market (1"The Rose Sheet" April 3, In Brief)