goinggreek.info
The Agora => UK & World News => Topic started by: TonyKath on Friday, 17 February, 2017 @ 19:21:54
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Unilever, whose brands include Marmite and PG Tips, has strongly rejected a takeover bid from US giant Kraft Heinz.
The UK-based household goods maker said it saw "no merit, either financial or strategic" in Kraft's offer, worth about $143bn (£115bn).
But Kraft, which makes Heinz ketchup, indicated it would continue working on a deal, sending shares in Unilever surging more than 11%.
The deal would be one of the biggest in corporate history.
It would combine Unilever's dozens of household names, including Ben & Jerry's ice cream, Dove soap, and Hellmann's mayonnaise, with Kraft's own wide range, such as Philadelphia cheese and Heinz baked beans.
http://www.bbc.co.uk/news/business-39006302
Tony
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Looks like the deal is off, Tony. Probably when Kraft Heinz realised Marmite would be coming their way.
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Glad to hear Marmite is staying at least part Brit. Love it myself. Try it on brown bread with slices of tomato on top. Delish!!!
Tony