No compatible source was found for this media.
Kraft Heinz Confirms Approach Made to Unilever on Merger
Unilever rejected the approach, Kraft Heinz said Friday in a statement issued in response to speculation that it had made a bid. The Pittsburgh-based company said it made a “comprehensive proposal” and will seek to gain an agreement on the terms of a transaction.
Unilever shares surged as much as 15 percent to a record in London, valuing the maker of Hellmann’s mayonnaise at more than 113 billion pounds ($140 billion). The stock gained as much as 12 percent in Amsterdam, while Kraft Heinz gained about 4.7 percent in...