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Unilever Share Discussion Threads
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Unilever is behind brands including Flora, Stork and Marmite (Source: Unilever)
Unilever is exploring the sale of some of its most iconic brands after coming under shareholder pressure over a $143bn takeover bid from Kraft Heinz.
Paul Polman, the FTSE 100 firm’s chief executive, is drawing up cost-cutting and restructuring plans, which could lead to the sale of its margarine and spreads business.
The division, comprising Flora, Stork and I Can’t Believe It’s Not Butter among other brands, was moved into a subsidiary business in December 2014.
Read more: Will fortune favour brave Bob Diamond's Panmure takeover?
Unilever was already preparing a strategic review, but this is understood to have been accelerated by the unsolicited approach from Kraft Heinz.
The US food giant, backed by Warren Buffett, said it has “amicably agreed” to abandon its proposed deal just two days after news of the talks emerged. Unilever had rejected the bid.
A survey by broker Bernstein, published last week, found that investor support for Unilever’s response was split. The report said: “50 per cent supported management’s aggressive rejection (which contributed to Kraft Heinz’s withdrawal), while 50 per cent wanted Unilever to engage with Kraft Heinz”.
The Sunday Times first reported that Kraft Heinz would be one of the most likely bidders for Unilever’s spreads business. Private equity firms such as Advent International and Carlyle could also be attracted to the business.
Read more: Business needs clarity on the Prime Minister's takeover plan
Last month, shortly after the Kraft Heinz deal fell through, Unilever issued a statement pledging to shake-up its business.
The Anglo-Dutch company said: “Unilever is conducting a comprehensive review of options available to accelerate delivery of value for the benefit of our shareholders. The events of the last week have highlighted the need to capture more quickly the value we see in Unilever.”
In January, before the Kraft Heinz approach, Polman was quoted as saying: “As long as we continue to generate more value as owners of this business than we would receive from any other options, we should continue to manage this business and protect our value.”|
|in play now, so either they demonstrate return of value to shareholders in near term as a result of their review or another bid inevitable?|
|or just getting warmed up ?|
|Seriously overvalued now??|
|Broken through £40 today ! Thanks Mr Buffet.|
|Well that's shaken them up a bit. No bad thing to keep them on their toes. LLOY and UBM pretty good today as well and a few others.|
|Silver = ford, trade up to Porsche = gold.... maybe !|
|Well i hope they dont sell any family silver.|
|Back to the bid level.|
|A bit of a shake up won't do them any harm; remember that their spreads division is hardly worthwhile nowadays. If they manage to get a decent price for it and then buy something that is a decent fit with their other interests, so much the better, no?|
|They may be selling, they may be buying, or both..... lets just wait and see .|
|Smells like a brand sale.
Smells like panic and suprised they even want to do any sort of transaction. Unilever should be buying brands not flogging them off|
|Presumably you've all seen the further update, subsequent to post 356 above, and mentioning core margins expected at upper end of guidance?|
|Now almost back at last Friday's levels. Cheers Warren!|
|I don't like that statement, one thing with unilever is it doesn't panic and this smells of panic, someone needs to let management know buffet and co will never get his hands in this, UK and Dutch wouldn't let them|
|Zero. Buffett carefully protects his well deserved good reputation which was in danger of becoming tarnished by this adventure.|
|any chance kraft will come back with better offer?|
|Was hoping to top up at 32. Oh well maybe next week.|
|So it is forgot that, makes it more interesting!
|It is a public holiday in the US today.|
|Will be interesting to see what influence NY has on the price on their opening, with the leaks I guess they would be long.
I don't really care whether Unilever is £30 or £40 tomorrow. It's the value in 5-10 years that I'm focused on|