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Share Name Share Symbol Market Type Share ISIN Share Description
Unilever Plc LSE:ULVR London Ordinary Share GB00B10RZP78 ORD 3 1/9P
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  26.00 0.6% 4,379.00 4,378.00 4,379.00 4,388.00 4,339.00 4,365.00 1,007,482 14:17:42
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Food Producers 43,987.5 7,014.5 181.9 23.0 51,170

Unilever's Bid to Unify Dutch and British Corporate Structures Gets Shareholders Approval1

12/10/2020 5:23pm

Dow Jones News


Unilever (LSE:ULVR)
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By Sabela Ojea

 

Unilever PLC said Monday that it has received the backing of its shareholders to unify its British and Dutch corporate structures into a single company, and that it now has all relevant merger control, foreign investment and regulatory approvals for its implementation.

The consumer-goods giant--the maker of Hellmann's mayonnaise and Dove soap--said 95.99% of the company's shareholders voted in favor of the cross-border merger at the court meeting.

Shareholders also backed the unification at the company's general meeting, with 95.49% voting in favor of the resolution, Unilever said.

The company said the unification is expected to become effective on Nov. 29.

Shares in London at 1543 GMT were up 4.00 pence, or 0.1%, at 4851.00 pence.

 

Write to Sabela Ojea at sabela.ojea@wsj.com; @sabelaojeaguix

 

(END) Dow Jones Newswires

October 12, 2020 12:08 ET (16:08 GMT)

Copyright (c) 2020 Dow Jones & Company, Inc.

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