U. S. food company Kraft Heinz Co (KHC.O) withdrew its proposal for a $143-billion merger with larger rival Unilever Plc (ULVR.L), the companies said on Sunday, raising questions about whether Kraft will turn its focus to another target. Kraft had made a surprise offer for Unilever to build a global consumer goods behemoth that was … Read more
The companies did not provide details of the reason for ending the discussion in a statement. U. S. food company Kraft Heinz Co (KHC.O) has agreed to withdraw its proposal for a $143-billion merger with larger rival Unilever Plc (ULVR.L), the companies said on Sunday. Kraft had made a surprise offer for Unilever in a … Read more
Kraft Heinz said Friday it had made an offer to Dutch giant Unilever to merge both companies, creating a leading consumer goods company, but was rejected. Despite being turned down, the US company would continue working towards a deal to combine both groups, it said in a statement filed with the London Stock Exchange. “Kraft … Read more