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Colgate Buys Unilever Business For $940 Million

Colgate-Palmolive has agreed to buy Sanex, the personal care unit of Unilever, for $940 million in cash. Sanex, which specializes in deodorants, body cleansing products, posted $260 million in sales last year, mostly in Western Europe. The company is also acquiring Colgate's laundry detergent business in Colombia for $215 million.

Read the whole story at New York Times DealBook »

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