US food giant pulls out of merger talks in a surprise turn of events with both companies jointly announcing ‘no deal’
The proposed £115bn takeover of Unilever by Kraft Heinz has been called off, just two days after the offer was announced.
The takeover of the Anglo-Dutch consumer goods giant would have been one of the largest deals in corporate history but was resisted at Unilever and had provoked political unease over British jobs. Unilever rejected the offer by the American firm on Friday, describing the approach as having “no merit, strategic or financial”.
Related: The Unilever-Kraft Heinz takeover: the three key players
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