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Brower Piven Announces an Investigation of the Acquisition of Alberto-Culver Company by Unilever PLC

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  Published in House and Home on Thursday, September 30th 2010 at 8:30 GMT by Market Wire
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STEVENSON, Md.--([ BUSINESS WIRE ])--The law firm of Brower Piven, A Professional Corporation, has commenced an investigation into possible breaches of fiduciary duty and other violations of state law by the Board of Directors of Alberto-Culver Company (aACVa) (NYSE: ACV) in connection with their actions in causing ACV to enter into a merger agreement with Unilever PLC (aUnilevera).

Under the terms of the agreement entered into by the parties and unanimously approved by the Board of Directors of ACV, Unilever will acquire all of the outstanding shares of ACV with ACV shareholders to receive $37.50 in cash for each share of ACV common stock they own for a total transaction value of approximately $3.7 billion. Upon completion of the transaction, ACV will operate as a wholly owned subsidiary of Unilever.

The investigation by Brower Piven concerns whether ACVa™s Board of Directora™s acceptance and recommendation of Unilevera™s offer was fair and designed to maximize value for ACV shareholders.

If you purchased and continue to own shares of Alberto-Culver Company and would like to learn more about the investigation being conducted by Brower Piven, you may e-mail or call Brower Piven, who will, without obligation or cost to you, attempt to answer your questions. You may contact Brower Piven by email at [ piven@browerpiven.com ], by calling 410/415-6616, or at Brower Piven, A Professional Corporation, 1925 Old Valley Road, Stevenson, Maryland 21153. Attorneys at Brower Piven have combined experience litigating securities and other class action cases of over 40 years.