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Law Offices of Howard G. Smith Announces Investigation On Behalf of Shareholders of Alberto-Culver Company in Connection with t

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  Published in House and Home on Tuesday, September 28th 2010 at 18:00 GMT by Market Wire
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BENSALEM, Pa.--([ BUSINESS WIRE ])--Law Offices of Howard G. Smith 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.

Under the terms of the definitive agreement entered into by the parties, Unilever will acquire all of the outstanding shares of Alberto-Culver for $37.50 per share in cash. Alberto-Culvera™s board of directors has unanimously approved the proposed transaction. Upon completion of the transaction, Alberto-Culver will operate as a wholly owned subsidiary of Unilever. The investigation concerns possible breaches of fiduciary duty and other violations of law related to approval of the proposed transaction by Alberto-Culvera™s board of directors.

If you are a shareholder of Alberto-Culver, if you have information or would like to learn more about these claims, or if you wish to discuss these matters or have any questions concerning this announcement or your rights or interests with respect to these matters, please contact Howard G. Smith, Esquire, of Law Offices of Howard G. Smith, 3070 Bristol Pike, Suite 112, Bensalem, Pennsylvania 19020 by telephone at (215) 638-4847, Toll Free at (888) 638-4847, or by email to [ howardsmith@howardsmithlaw.com ], or visit our website at [ http://www.howardsmithlaw.com ].