Unilever shares tested all-time highs Monday after some of its biggest shareholders backed the sale of its food division as part of the company’s strategic review that followed its rejection of a $143 billion bid from Kraft Heinz Co. Unilever shares traded 1.1% in London to change hands at 3,815 pence each by 11:00 GMT, extending their three-month gain past 20%.
Category: Unilever
Kraft Withdraws Offer to Merge with Unilever
U.S. food company Kraft Heinz Co has agreed to withdraw its proposal for a $143-billion merger with larger rival Unilever Plc , the companies said on Sunday. 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.
European Benchmarks Fall, But London Bucks Trend on Takeover Activity
European benchmarks fell on Friday as the so-called Trump-trade appeared to fade, but London bucked the trend among its continental cousins after drawing a boost from takeover activity and the recovery of formerly ex-dividend stocks. The FTSE 100 closed 0.30% higher at 7,299 while the DAX in Germany was flat at 11,757 and the CAC 40 in France fell by 0.65% to 4,867.
European Stocks Called Higher as Investors Ride Global Stock Rally
European stocks are expected to open higher Thursday as investors ride the wave of a record close on Wall Street and solid corporate earnings. European stocks are expected to open higher Thursday as investors ride the wave of a record close on Wall Street and solid corporate earnings and set aside, for the moment at least, concerns over the protectionist direction of President Donald Trump.
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George Primentas from London is behind The Missing Graph. He tells us that he’s been designing infographics inspired by business news since October.