Unilever to pay $1.9 billion for Sara Lee unit


In a deal that proves that nobody doesn't like Sara Lee (SLE), consumer products giant Unilever (UL) agreed to acquire Sara Lee's body care and European detergents business for €1.28 billion ($1.88 billion), the companies announced Friday.

The Sara Lee businesses to be acquired by Unilever generated some €750 million ($1 billion) in sales in the 12 months ending June, and include well-known European product brands like Sanex, Radox and Duschdas. The companies expect to close on the deal sometime next year, pending regulatory approvals.