Shares of Unilever N.V. (ADR) (NYSE:UN) ended Tuesday session in red amid volatile trading. The shares closed down -0.68 points or -1.47% at $45.43 with 1.28 billion shares getting traded. Post opening the session at $45.70, the shares hit an intraday low of $45.35 and an intraday high of $45.92 and the price vacillated in this range throughout the day. The company has a market cap of $137.25 billion and the numbers of outstanding shares have been calculated to be 1.28 billion shares.
On July 20, 2016 Unilever announced that it has signed an agreement to purchase Dollar Shave Club®. Founded in 2012 and headquartered in Venice, California, Dollar Shave Club (DSC) has grown into a full male grooming business that has transformed the shaving category with its lifestyle brand empowering 3.2 million members. In 2015, DSC had turnover of US$152 million and is on track to exceed US$200 million in turnover in 2016. Terms of the transaction were not disclosed.
With a product and brand range that extends far beyond shaving to include Wanderer® men’s personal wash products, Big Cloud® men’s skin care products, Boogies® hair styling products, and One Wipe Charlies® daily wipes, Dollar Shave Club® brings to Unilever’s personal care category a unique male grooming perspective.
“Dollar Shave Club is an innovative and disruptive male grooming brand with incredibly deep connections to its diverse and highly engaged consumers,” said Kees Kruythoff, President of Unilever North America. “In addition to its unique consumer and data insights, Dollar Shave Club is the category leader in its direct-to-consumer space. We plan to leverage the global strength of Unilever to support Dollar Shave Club in achieving its full potential in terms of offering and reach.”
Shares of Coca-Cola European Partners PLC (NYSE:CCE) ended Tuesday session in red amid volatile trading. The shares closed down -1.25 points or -3.05% at $39.75 with 482.32 million shares getting traded. Post opening the session at $40.59, the shares hit an intraday low of $39.73 and an intraday high of $40.72 and the price vacillated in this range throughout the day. The company has a market cap of $19.78 billion and the numbers of outstanding shares have been calculated to be 482.32 million shares.
Coca-Cola European Partners PLC (CCE) announced that it will host an event with investors and analysts in Barcelona on Tuesday, 27 September 2016. The meeting will be hosted by Chairman Sol Daurella, Chief Executive Officer John F. Brock, Chief Operating Officer Damian Gammell, and Chief Financial Officer Nik Jhangiani. Presentations will be webcasted and include other key leaders, a detailed business overview, and a discussion of the company’s long-term outlook.
John F. Brock, CEO, commented: “Just three months ago, we executed a transaction that created the world’s largest independent Coca-Cola bottler by net sales and a leading consumer goods company in the European marketplace. This meeting will enable us to provide a better understanding of our business and our strong commitment to creating increasing value for our shareowners.”
Damian Gammell, COO, added: “We look forward to our first investor and analyst event as CCEP in Barcelona, which will provide an excellent opportunity to learn more about the Spanish market as well as our other key operations.”
On 27 September, CCEP will webcast the presentations live through its website, www.ccep.com, beginning at 3:00 p.m. CEST, 2:00 p.m. BST, and 9:00 a.m. EDT. A replay of the presentation will be available at this site within 24 hours after the presentations.