On June 2 0 , 2 0 1 1 , the Company . .
Question:
On June the Company finalized the Companys acquisition from Unilever of the Sanex personal care business for an aggregate purchase price of $ This strategic acquisition is expected to strengthen Colgates personal care business in Europe, primarily in the liquid body cleansing and deodorants business. Total purchase price consideration of $ has been allocated to the net assets acquired based on their respective fair values at June
ColgatePalmolive acquired percent of the fair value of the net assets of Sanex for $ million in cash. Assume that Sanexs assets not detailed at the time of the acquisition had a book value of $ million and a fair value of $ million. ColgatePalmolive also assumed Sanexs liabilities of $ million book value and fair value of the liabilities are the same, not detailed
Financial Accounting
ISBN: 978-1259222139
9th edition
Authors: Robert Libby, Patricia Libby, Frank Hodge