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Published in House and Home on Tuesday, September 28th 2010 at 13:20 GMT by Market Wire🞛 This publication is a summary or evaluation of another publication
BALA CYNWYD, Pa.--([ BUSINESS WIRE ])--Law office of Brodsky & Smith, LLC announces that it is investigating potential claims against the Board of Directors of Alberto-Culver Company (aAlberto-Culvera or the aCompanya) (NYSE: ACV) related to the Companya™s agreement to be acquired by Unilever PLC (aUnilevera). The proposed cash transaction is valued at approximately $3.7 billion, with Alberto-Culver shareholders due to receive $37.50 per share.
The investigation concerns possible breaches of fiduciary duty and other violations of state law related to the Alberto-Culver boarda™s approval of the proposed transaction, including whether the Board failed to adequately shop the Company and whether the proposed transaction undervalues Alberto-Culver shares.
If you own shares of Alberto-Culver and wish to discuss the legal ramifications of the proposed transaction, or have any questions, you may e-mail or call the law office of Brodsky & Smith, LLC who will, without obligation or cost to you, attempt to answer your questions. You may contact Jason L. Brodsky, Esquire or Evan J. Smith, Esquire at Brodsky & Smith, LLC, Two Bala Plaza, Suite 602, Bala Cynwyd, PA 19004, by e-mail at [ investorrelations@brodsky-smith.com ], or by calling toll free 877-LEGAL-90.