Carson Considering Strategic Alternatives for Its South African Holdings.SAVANNAH Savannah, city, United States Savannah, city (1990 pop. 137,560), seat of Chatham co., SE Ga., a port of entry on the Savannah River near its mouth; inc. 1789. , Ga.--(BUSINESS WIRE)--Aug. 25, 1999-- Carson, Inc. (NYSE NYSE See: New York Stock Exchange : CIC CIC circulating immune complexes. CIC Circulating immune complexes. See Immune complexes. ), the number one global manufacturer and marketer of hair care and shaving products for people of color Noun 1. people of color - a race with skin pigmentation different from the white race (especially Blacks) people of colour, colour, color race - people who are believed to belong to the same genetic stock; "some biologists doubt that there are important , today announced that its Board of Directors has authorized management to undertake a review of strategic alternatives available to Carson to maximize the value of its holdings in Carson Holdings Limited, a South African corporation whose stock is traded on the Johannesburg Stock Exchange Johannesburg Stock Exchange (JSE) Established in 1886, the Johannesburg Stock Exchange is the only stock exchange in South Africa. Gold and mining stocks form the majority of shares listed. . Carson currently owns 52.6% of the stock of Carson Holdings Limited, and the remainder is publicly held in South Africa South Africa, Afrikaans Suid-Afrika, officially Republic of South Africa, republic (2005 est. pop. 44,344,000), 471,442 sq mi (1,221,037 sq km), S Africa. . Carson stated that no decision has been made to enter into any transaction or as to what form any such transaction might take. Moreover, Carson stated that there could be no assurance that any transaction would be completed as the result of this review. Carson, Inc. is the leading global manufacturer and marketer of hair and skin care products, which are specially formulated to address the unique characteristics of people of color. Carson sells its products in the U.S. and in over 60 countries around the world under the leading brand names Dark & Lovely, Gentle Treatment, Magic Shave and Ultra Sheen. Statements in this press release concerning the Company's business outlook or future economic performance, anticipated profitability, revenues, expenses or other financial items; together with other statements that are not historical facts, are "forward-looking statements forward-looking statement A projected financial statement based on management expectations. A forward-looking statement involves risks with regard to the accuracy of assumptions underlying the projections. " as that term is defined under Federal Securities Laws. "Forward-looking statements" are subject to risks, uncertainties and other factors which could cause actual results to differ materially from those stared in such statements. Such risks, uncertainties and factors include, but are not limited to, industry cyclicality, fluctuations in customer demand and order patterns, the seasonal nature of the business, changes in pricing, and general economic conditions, as well as other risks detailed in the Company's filings with the Securities and Exchange Commission. |
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