Shares of Unilever plc (ADR) (NYSE:UL) ended Tuesday session in green amid volatile trading. The shares closed up +0.65 points or 1.39% at $47.30 with 1.29 million shares getting traded. Post opening the session at $47.03, the shares hit an intraday low of $46.93 and an intraday high of $47.44 and the price vacillated in this range throughout the day. The company has a market cap of $139.20 billion and the numbers of outstanding shares have been calculated to be 1.28 billion shares.
On September 19, 2016 Unilever announced that it has signed an agreement to acquire Seventh Generation, Inc., the North American home and personal care products company.
Based in Vermont, Seventh Generation is a pioneer in corporate responsibility and sustainable product innovations, including plant-based detergents and household cleaners. The company’s turnover exceeded US $200m in 2015 and it has seen double digit compounded annual growth over the last 10 years.
Seventh Generation has a comprehensive product portfolio and a distribution network covering the ‘natural’ category in grocery, mass merchandise and e-commerce channels.
Nitin Paranjpe, President of Unilever’s Home Care business said: “Seventh Generation has long been a disruptor in the US marketplace, leading the industry in sustainable innovation while attracting new generations of conscious consumers. This addition to Unilever’s product portfolio will help us meet rising demand for high-quality products with a purpose.”
Kees Kruythoff, President of Unilever North America, added: “We’re thrilled to add Seventh Generation to our brand portfolio, providing us with the opportunity to accelerate growth with our retail partners and connect in new ways with consumers. Adding Seventh Generation to Unilever’s portfolio of purpose-driven brands like Ben & Jerry’s and Dove demonstrates our continued commitment to the Unilever Sustainable Living Plan.”
Shares of Reynolds American, Inc. (NYSE:RAI) ended Tuesday session in green amid volatile trading. The shares closed up +0.08 points or 0.17% at $47.89 with 3.95 million shares getting traded. Post opening the session at $47.98, the shares hit an intraday low of $47.62 and an intraday high of $48.00 and the price vacillated in this range throughout the day. The company has a market cap of $68.08 billion and the numbers of outstanding shares have been calculated to be 1.43 billion shares.
Reynolds American, Inc. (RAI) manufactures, and sells cigarettes and other tobacco products in the United States. It operates through RJR Tobacco, Santa Fe, and American Snuff segments. The RJR Tobacco segment offers cigarettes under the NEWPORT, CAMEL, PALL MALL, DORAL, MISTY, and CAPRI brands; and CAMEL Snus, a smoke-free tobacco product, as well as manages various licensed brands, including DUNHILL and STATE EXPRESS 555. The Santa Fe segment manufactures and markets cigarettes and other tobacco products under the NATURAL AMERICAN SPIRIT brand. The American Snuff segment provides smokeless tobacco products, such as moist snuff under GRIZZLY and KODIAK brand names. The company also manufactures and markets digital vapor cigarettes under the VUSE brand name; and markets nicotine replacement therapy products under the ZONNIC brand. It distributes its products primarily through direct wholesale deliveries from a local distribution center and public warehouses. Reynolds American Inc. was founded in 2004 and is headquartered in Winston-Salem, North Carolina.