Unilever rejects merger proposal from goods giant Kraft Heinz

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17 February 2017 19:33:51 timesofmalta.com

Consumer goods giant Unilever has rebuffed a proposed mega-merger with global food firm Kraft Heinz. The company behind Heinz Tomato Ketchup and Philadelphia cheese said it had made a "comprehensive proposal" about combining the two companies, but Unilever turned the offer down. In an announcement, Kraft Heinz said: "While Unilever has declined the proposal, we look forward to working to reach agreement on the terms of a transaction." "There can be no certainty that any further formal proposal will be made to the board of Unilever or that an offer will be made at all or as to the terms of any transaction." Unilever, which owns Dove, Ben & Jerry's ice cream and Domestos, saw its share price rocket 12 per cent in London on news of the approach. The Anglo-Dutch firm said the offer represented a premium of 18 per send of its closing share price on February 16, valuing the company at €134 billion. Steve Clayton, fund manager at Hargreaves Lansdown, said such a move would create enormous cost savings. "Putting portfolios of brands together can create huge synergies across marketing, manufacturing and distribution, even before you think about cutting the combined HQ back to... Full article on Unilever rejects merger proposal from goods giant Kraft Heinz

Vice All News Time17 February 2017 19:33:51


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Kraft Heinz withdraws offer to merge with Unilever

2.9156654 20 February 2017 02:03:39 WN.com - World News

US-based Kraft had made a surprise offer for Unilever in a bid to build a global consumer goods behemoth, although it was flatly rejected on Friday by Unilever, the maker of Lipton tea and Dove soap. ......

Vice All News Time20 February 2017 02:03:39


Kraft Heinz pulls plug on massive Unilever bid

2.8428147 19 February 2017 23:33:20 WN.com - World News

Two days into its public courtship of Unilever, Kraft Heinz is walking away. ......

Vice All News Time19 February 2017 23:33:20


Kraft Heinz withdraws $143B takeover bid for Unilever

2.6692433 19 February 2017 21:35:38 Latest News - UPI.com

Allen Cone Feb. 19 (UPI) -- Kraft Heinz withdrew its $143 billion proposal to acquire Unilever, the two consumer food companies announced Sunday.

Vice All News Time19 February 2017 21:35:38


Kraft Heinz withdraws $143B bid to buy Unilever

2.6692433 19 February 2017 21:32:28 WN.com - World News

Ketchup maker and packaged food giant Kraft Heinz has withdrawn a $143 billion offer to buy Unilever, backing away after the mayonnaise, tea and seasonings maker rejected the bid as too low. The companies announced the decision Sunday in a joint press release, saying that Kraft Heinz has "amicably"... ......

Vice All News Time19 February 2017 21:32:28


Kraft Heinz Withdraws $143B Bid to Buy Unilever

2.6692433 19 February 2017 20:32:17 WN.com - World News

Kraft Heinz has decided to withdraw its $143 billion offer to buy mayonnaise, tea and seasonings maker Unilever. ......

Vice All News Time19 February 2017 20:32:17


Kraft Heinz drops Unilever takeover bid

2.1116326 19 February 2017 19:01:31 WN.com - World News

Kraft Heinz "amicably" agrees to withdraw plans to merge with Anglo-Dutch...

Vice All News Time19 February 2017 19:01:31


Rejected by Unilever, Kraft Heinz still hungry for expansion

2.0723636 18 February 2017 14:24:22 WN.com - World News

NEW YORK (AP) — Kraft Heinz's $143 billion offer to buy Unilever was spurned, but the ketchup, cheese and lunch meat maker is still hungry to expand its domain. ......

Vice All News Time18 February 2017 14:24:22


Rejected by Unilever, Kraft Heinz Still Hungry for Expansion

2.0723636 18 February 2017 07:53:33 WN.com - World News

Kraft Heinz's $143 billion offer to buy Unilever was spurned, but the ketchup, cheese and lunch meat maker is still hungry to expand its domain. ......

Vice All News Time18 February 2017 07:53:33


Rejected by Unilever, Kraft Heinz still hungry for expansion

1.7763116 18 February 2017 07:23:34 WN.com - World News

NEW YORK (AP) — Kraft Heinz's $143 billion offer to buy Unilever was spurned, but the ketchup, cheese and lunch meat maker is still hungry to expand its domain. Unilever, which make mayonnaise, tea and seasonings, said the offered price was too low. Kraft said it's still interested in a deal. If Unilever proves a resistant target, analysts said the company may look elsewhere. J.P. Morgan analyst Ken Goldman said he always believed Kraft Heinz, itself formed from two century-old businesses in 2015, would "mostly be used as a vehicle to buy and operate" food brands. Given Unilever's stable of personal care...

Vice All News Time18 February 2017 07:23:34


Snapshot: A Look at Kraft Heinz and Unilever

1.7763116 17 February 2017 20:50:15 WN.com - World News

U.S. food giants Kraft Heinz is in talks to buy Europe's Unilever. ......

Vice All News Time17 February 2017 20:50:15