We use our own and third-party cookies to optimize your experience on this site, including to maintain user sessions. Without these cookies our site will not function well. If you continue browsing our site we take that to mean that you understand and accept how we use the cookies. If you wish to decline our cookies we will redirect you to Google.
Already have an account? Sign in.

 Remember Me | Forgot Your Password?

Unilever Launches Strategic Review After Kraft Heinz Drops Takeover Bid

February 22, 2017: 12:00 AM EST
After Kraft Heinz withdrew its two-day-old unsolicited takeover bid for Unilever, CEO Paul Polman launched a strategic review of the company to determine how it can increase its value, deter unwanted buyers, and keep investors loyal. Some observers said the review could lead to a breakup – involving perhaps jettisoning the troubled spreads unit. Or it may lead the company toward more aggressive cost-saving measures. Unilever’s share price leapt 5.7 percent when Kraft Heinz dropped its $143 billion takeover proposal. The strategic review is expected to be completed by early April. [ Flora spread image credit: © Flora.com ]
Thomas Buckley and Ruth David, "Unilever Reviewing Options for Change After Kraft Bid Fails", Bloomberg, February 22, 2017, © Bloomberg L.P.
Domains
BEAUTY BUSINESS
Market News
Operations
Strategy
Geographies
Worldwide
North America
EMEA
United States of America
Europe
United Kingdom
Categories
Companies, Organizations
Deals, M&A, JVs, Licensing
Market News
Developed by Yuri Ingultsov Software Lab.