Unilever ADRs Reach New Record

Unilever NV American depositary shares rose to a new record on Monday after the company said it has agreed to acquire the personal care and home care brands of Quala, a Latin American consumer goods company, for an undisclosed amount. UN was up nearly 1% at $54.21 recently, trading in a new 52-week range between $38.41 and $54.23.

Unilever said the portfolio of products had a combined turnover of $400 million in 2016. “The inclusion of these brands in our stable will consolidate our leading position in haircare globally, and contribute to our oral care and male grooming businesses, complementing very well our existing offering,” CEO Paul Polman said in a statement. The deal is subject to regulatory approvals and customary closing conditions.

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