Alberto-Culver's stockholders have approved the proposal to separate the company in two separate publicly-traded companies. According to the company, the proposal was approved by 83% of the issued and outstanding shares of Alberto-Culver common stock, and nearly 99% of the votes cast were in favor of the transaction.
As a result of the split, the company will divide into the new Alberto Culver and Sally Beauty Holdings Inc. On the day following the completion of the transaction, the new Alberto-Culver will be traded under the same symbol as old Alberto-Culver, "ACV," and Sally Beauty Holdings will be traded under the symbol SBH. The company expects to complete the transaction on November 16, 2006.
!['Snoopy and Woodstock are cherished [characters] across generations and pairing them with our most-loved body care essentials creates a collection that feels classic with a modern twist. This launch is about celebrating our community with something unforgettable while starting an exciting new era for the brand,' said Luis Garcia, Chief Marketing Officer.](https://img.cosmeticsandtoiletries.com/mindful/allured/workspaces/default/uploads/2025/10/tree-hut-peanuts-fullcollection-fall26-1x1-1253.lGcuurUszp.jpg?auto=format%2Ccompress&fit=crop&h=191&q=70&w=340)
