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UNA Unilever PLC

48.25
0.66 (1.39%)
26 Apr 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type
Unilever PLC EU:UNA Euronext Ordinary Share
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.66 1.39% 48.25 47.82 48.30 48.33 47.79 47.89 2,084,186 16:40:00

Kraft Drops Unilever Bid

19/02/2017 6:39pm

Dow Jones News


Unilever (EU:UNA)
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Staff 

Kraft Heinz Co. has withdrawn its $143 billion offer for Unilever PLC after the Anglo-Dutch CEO warned board members and investors against the deal.

Unilever Chief Executive Paul Polman said that Kraft's cost-cutting ethos could damage Unilever brands and highlighted its lack of experience in personal-care and household goods, according to people familiar with the matter.

Price remained the biggest factor, after Unilever management rejected the $50-a-share cash-and-stock offer outright Friday.

 

(END) Dow Jones Newswires

February 19, 2017 13:24 ET (18:24 GMT)

Copyright (c) 2017 Dow Jones & Company, Inc.

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