Bestfoods Shareholders Favor Unilever Deal.Business Editors NEW YORK--(BUSINESS WIRE)--Oct. 2, 2000 Unilever has confirmed that Bestfoods' shareholders, meeting in New Jersey, have voted in favor of the acquisition of Bestfoods by Unilever. Shareholders of Unilever PLC and N.V. gave their approval to the proposal at separate meetings this morning. The closing remains subject to certain conditions set out in the merger agreement. It is anticipated that the transaction will be completed on Wednesday October 4, 2000. Safe Harbor Safe Harbor 1. A legal provision to reduce or eliminate liability as long as good faith is demonstrated. 2. A form of shark repellent implemented by a target company acquiring a business that is so poorly regulated that the target itself is less attractive. Statement under the Private Securities Litigation Reform Act The Private Securities Litigation Reform Act of 1995 (PSLRA) implemented several significant substantive changes affecting certain cases brought under the federal securities laws, including changes related to pleading, discovery, liability, class representation and awards fees and of 1995: This press release contains certain "forward-looking" statements within the meaning of the Private Securities Litigation Reform Act of 1995. These statements are based on management's current expectations and are naturally subject to uncertainty and changes in circumstances. Actual results may vary materially from the expectations contained herein. The forward-looking statements contained herein include statements about completion of the pending acquisition of Bestfoods by Unilever. Factors that could cause actual results to differ materially from those described herein include the inability to obtain necessary antitrust approvals and actions of the U.S., foreign and local governments. More detailed information about these factors is set forth in the reports filed by Bestfoods and furnished by Unilever with the Securities and Exchange Commission. Neither Unilever nor Bestfoods is under any obligation to (and expressly disclaims any such obligation to) update or alter its forward-looking statements, whether as a result of new information, future events or otherwise. In connection with the merger, Bestfoods has filed a definitive proxy statement Proxy Statement A document containing the information that a company is required by the SEC to provide to shareholders so they can make informed decisions about matters that will be brought up at an annual stockholder meeting. with the Securities and Exchange Commission and mailed copies of this definitive proxy statement to Bestfoods security holders. SECURITY HOLDERS OF BESTFOODS ARE URGED TO READ THE PROXY STATEMENT BECAUSE IT CONTAINS IMPORTANT INFORMATION REGARDING THE MERGER. Investors and security holders may obtain a free copy of the proxy statement and other documents filed by Bestfoods with, and furnished by Unilever to, the Securities and Exchange Commission in connection with the merger at the Securities and Exchange Commission's web-site at www.sec.gov. Security holders of Bestfoods may also obtain for free a copy of the proxy statement and other documents filed with the Securities and Exchange Commission by Bestfoods in connection with the merger by contacting Rainer H. Mimberg, Investor Relations Investor relations The process by which the corporation communicates with its investors. , +1 201 894 2837. Security holders of Bestfoods may also obtain for free copies of documents furnished to the Securities and Exchange Commission by Unilever in connection with the merger by contacting Howard Green, Investor Relations, +44 207 822 6824. UNILEVER BACKGROUND: Unilever is one of the world's largest consumer products companies with sales in excess of $45 billion. It produces and markets a wide range of foods, home and personal care products. Unilever operates in 88 countries around the globe and employs 255,000 people. In the United States United States, officially United States of America, republic (2005 est. pop. 295,734,000), 3,539,227 sq mi (9,166,598 sq km), North America. The United States is the world's third largest country in population and the fourth largest country in area. , Unilever sales exceeded $8 billion in 1999. It employs 22,000 people and has 72 offices and manufacturing sites in 24 states. Two of Unilever's 12 global Business Groups are headquartered in the United States. Some of their major products are: Foods - North America North America, third largest continent (1990 est. pop. 365,000,000), c.9,400,000 sq mi (24,346,000 sq km), the northern of the two continents of the Western Hemisphere. : Lipton teas, soups, recipe products and side dishes; Wish-Bone salad dressings; Lawry's seasonings and specialty sauces; Imperial, Promise, Country Crock crock - [American scatologism "crock of shit"] 1. An awkward feature or programming technique that ought to be made cleaner. For example, using small integers to represent error codes without the program interpreting them to the user (as in, for example, Unix "make(1)", which , "I Can't Believe It's Not Butter This article or section needs sources or references that appear in reliable, third-party publications. Alone, primary sources and sources affiliated with the subject of this article are not sufficient for an accurate encyclopedia article. !", Brummel & Brown spreads and sprays; Ragu pasta and pizza sauces; Five Brothers premium pasta sauces; Klondike, Good-Humor, Popsicle, Breyers and Ben & Jerry's ice cream products, Gorton's frozen seafood products and Slim-Fast nutritional and health snack products. Unilever Home and Personal Care - North America: Wisk, "all" and Surf laundry detergents; Snuggle and Final Touch fabric softeners; Sunlight dish detergents; Lever 2000, Caress, Dove and Shield bar soaps; Pond's and Vaseline skin care products; Q-tips cotton swabs and cotton balls; Mentadent, Aim, Close-up and Pepsodent oral care products; Degree, Suave suave adj. suav·er, suav·est Smoothly agreeable and courteous. [French, agreeable, from Old French, from Latin su and Brut Brut, Brute (both: br t), or Brutus (br deodorant/toiletry products; Finesse, Salon Selectives Salon Selectives is a line of hair care products, ranging from shampoos and conditioners to mousses, sprays, gels, and oils. Salon Selectives was introduced as a level-based brand line to consumers by Helene Curtis, which it was acquired by Unilever in 1986, and has grown since; , Suave,
ThermaSilk, Aqua Net and Rave hair care products; and Calvin Klein Noun 1. Calvin Klein - United States fashion designer noted for understated fashions (born in 1942)Calvin Richard Klein, Klein and Elizabeth Arden cosmetic and fragrance products. In addition, DiverseyLever, a global professional cleaning business, operates in North America, supplying professional cleaning materials and services to institutional and industrial markets. |
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