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UN Unilever NV

60.50
0.00 (0.00%)
After Hours
Last Updated: 01:00:00
Delayed by 15 minutes
Name Symbol Market Type
Unilever NV NYSE:UN NYSE Depository Receipt
  Price Change % Change Price High Price Low Price Open Price Traded Last Trade
  0.00 0.00% 60.50 0 01:00:00

Kraft Drops Unilever Bid

19/02/2017 6:39pm

Dow Jones News


Unilever NV (NYSE:UN)
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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Kraft Heinz Co. has withdrawn its $143 billion offer for Unilever PLC after the Anglo-Dutch CEO warned board members and investors against the deal.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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1 Year Unilever NV Chart

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