Unilever (NYSE: UN, UL) yesterday announced that it had reached a settlement with Procter & Gamble (NYSE: PG) regarding Procter & Gamble’s competitive intelligence operation directed at Unilever’s hair care business in the United States.

Charles B. Strauss, president and CEO of Unilever United States said: “We have a settlement that ensures that our confidential information is protected. With this agreement, we are confident that Procter & Gamble’s conduct will not impede the continued growth of our brands here. This agreement draws to a close what has been an unfortunate incident.”

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Terms of the agreement were not disclosed.

Unilever’s hair care brands in the United States include Suave, Finesse, ThermaSilk, Salon Selectives, Rave and Aqua Net.

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