Marmite and PG Tips owner Unilever rejects £115BILLION bid from US food giant Kraft Heinz 



Marmite and PG Tips owner Unilever has rebuffed a proposed mega-bid from American food giant Kraft Heinz.
The company behind Heinz Tomato Ketchup and Philadelphia cheese confirmed it had made a 'comprehensive proposal' about combining the two companies, but Unilever turned the offer down.
The offer valued Unilever at $143billion (£115 billion), and would have been one of the largest mergers and acquisitions deals in corporate history.
In a statement Anglo-Dutch firm Unilever said: 'This fundamentally undervalues Unilever. Unilever rejected the proposal as it sees no merit, either financial... read more

 
17 February 2017 in Business, Views: 55
Source: Daily Mail
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