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Unilever rejects merger proposal from Kraft Heinz

Europe
17.02.2017
By our dpa-correspondent and Europe Online    auf Facebook posten  Auf Twitter posten  
London (dpa) - Kraft Heinz has had a "comprehensive" merger proposal rejected by British-Dutch consumer goods firm Unilever, the US food giant said on Friday.

Kraft Heinz confirmed that their overtures to the makers of Dove soap, Lynx shower gel and Lipton tea had been rejected, but said it was looking forward to reaching agreement on the terms of a transaction.

However, Kraft Heinz said it could not be certain that the company would make another proposal.

The news of a potential deal between the two heavyweights didn‘t go unnoticed by investors, as Unilever shares in Amsterdam shot up by almost ten per cent, and Kraft Heinz surged five per cent in the American stock market.

Unilever‘s market value is around 112 billion pounds (140 billion dollars), while Kraft Heinz is worth around 85 billion pounds.

 

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