Unilever Gets Approval to Buy Sara Lee Unit

Unilever (UL) won approval from the European Union to buy Sara Lee Corp%u2019s (SLE) shower gel and European detergents business. Unilever agreed to sell off the Sanex deodorant and body-wash brands in the region as part of the deal, Bloomberg News reported. The sale allays competition worries about the 1.3 billion euro ($1.76 billion) deal, the European Commission said.