Exhibit 99.2

FOR IMMEDIATE
RELEASE
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For further information, contact:
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Investors, Doug Craney
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708-450-3117
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Media, Dan
Stone
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708-450-3005
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Alberto Culver Company Announces
Agreement to be Acquired by Unilever
Melrose Park, IL, (September 27,
2010) – Alberto Culver Company (NYSE: ACV), a $1.6 billion in
revenue leading manufacturer and marketer of beauty care brands
including TRESemmé , Alberto VO5 , Nexxus,
St. Ives, Simple and Noxzema, today announced that it
has entered into a definitive agreement in which Unilever will
acquire all of the outstanding shares of Alberto Culver for $37.50
per share in cash, valuing the company at approximately $3.7
billion. The transaction is structured as a merger and is subject
to approval by owners holding a majority of Alberto Culver’s
outstanding shares, regulatory approvals and other customary
closing conditions. The merger agreement was unanimously approved
by the Boards of Directors of both companies. The announcement was
made by Carol Lavin Bernick, Executive Chairman, on behalf of the
Alberto Culver Board of Directors.
The $37.50 per share price
represents a 33 percent premium to Alberto Culver’s 12-month
volume weighted average share price and an 18 percent premium to
its all-time high closing share price achieved earlier this
year.
Ms. Bernick said,
“Throughout our history, and particularly in the last decade,
we have grown Alberto Culver’s key brands’ sales and
market shares at a pace exceeding our highly