Friday, February 17, 2017

Unilever rejects Kraft Heinz mega-merger

US foods company may return with sweetened offer after Anglo-Dutch multinational declines initial advances for tie-up

US foods company Kraft Heinz has had a mega-merger proposal turned down by Unilever but said a tie-up between the makers of Heinz ketchup and Marmite is still on the table.

In a statement to the stock market, Kraft Heinz said it “notes the recent speculation regarding a possible combination of Kraft and Unilever plc”.

Related: Marmite maker: it was right to increase prices after Brexit vote

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from Mergers and acquisitions | The Guardian http://ift.tt/2kwTns2

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