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BUSINESS
February 7, 1996 | Times Staff and Wire Reports
Sara Lee to Pay $3.1-Million Fine: The multinational consumer packaged-goods company agreed to pay the largest such civil penalty ever for failing to inform government antitrust investigators in advance of its 1991 acquisition of a line of shoe care products. The Chicago-based company's Kiwi Brands subsidiary had 90% of the U.S. market for shoe polish sold through mass marketers in 1991. In that year, Sara Lee Corp. acquired the U.S.
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BUSINESS
February 7, 1996 | Times Staff and Wire Reports
Sara Lee to Pay $3.1-Million Fine: The multinational consumer packaged-goods company agreed to pay the largest such civil penalty ever for failing to inform government antitrust investigators in advance of its 1991 acquisition of a line of shoe care products. The Chicago-based company's Kiwi Brands subsidiary had 90% of the U.S. market for shoe polish sold through mass marketers in 1991. In that year, Sara Lee Corp. acquired the U.S.
BUSINESS
September 27, 1994 | From Associated Press
Eastman Kodak Co. moved closer to selling the rest of its non-photographic businesses on Monday, agreeing to auction the company's household products unit to Britain's Reckitt & Colman for $1.55 billion in cash. The subsidiary, part of Kodak's L&F Products unit, includes such familiar brands such as Lysol cleaners, Mop & Glo floor polish, Resolve carpet cleaner and Wet Ones moist towelettes.
BUSINESS
August 9, 1994 | From Bloomberg Business News
Eastman Kodak Co. is close to selling its household products division to one of three leading bidders: Colgate-Palmolive Co., Unilever, and Reckitt & Colman, a person familiar with the bidding said. The division, which makes Lysol cleaners and other household products, is expected to sell for $1.7 billion to $2 billion, analysts said.
BUSINESS
September 27, 1994 | From Associated Press
Eastman Kodak Co. moved closer to selling the rest of its non-photographic businesses on Monday, agreeing to auction the company's household products unit to Britain's Reckitt & Colman for $1.55 billion in cash. The subsidiary, part of Kodak's L&F Products unit, includes such familiar brands such as Lysol cleaners, Mop & Glo floor polish, Resolve carpet cleaner and Wet Ones moist towelettes.
BUSINESS
March 9, 1990 | From Times Wire Services
Reckitt and Colman PLC, a British food and household goods group, has agreed to pay $1.25 billion for the Boyle-Midway home products unit of New York-based American Home Products Corp., the companies said today. The acquisition of Boyle-Midway, whose products include Woolite laundry soap and Easy-Off oven cleaner, would make Reckitt and Colman a major international household products manufacturer.
BUSINESS
July 3, 1990 | From Associated Press
They say the takeover boom is over, but if that's so, how do you explain Philip Morris Cos.' decision to buy Swiss candy maker Jacobs Suchard for $3.8 billion or ConAgra Inc.'s $1.34-billion purchase of Beatrice Co. Easy: The mergers and acquisitions business hasn't died, it has evolved into another stage. Deal makers are doing a new kind of buyout, one that harks back to the days before the junk bond binge but has a few novel twists.
BUSINESS
August 9, 1994 | From Bloomberg Business News
Eastman Kodak Co. is close to selling its household products division to one of three leading bidders: Colgate-Palmolive Co., Unilever, and Reckitt & Colman, a person familiar with the bidding said. The division, which makes Lysol cleaners and other household products, is expected to sell for $1.7 billion to $2 billion, analysts said.
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