7 years ago
Marmite owner Unilever rejects Kraft takeover bid
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.
Continue Reading
http://www.bbc.co.uk
Join the Discussion