Sunday, March 19, 2017

Unilever bids to heal shareholder rift amid 'garage sale' warnings

Sale of spreads business and one-off special dividend considered as government urged to protect UK’s ‘prize assets’ from takeover

Unilever is drawing up plans to heal a rift among shareholders triggered by its rejection of a $143bn (£115bn) bid from Kraft Heinz, amid a warning that Britain could become home to “a garage sale” unless there is protection for domestic companies from foreign takeovers.

Next month the owner of Dove soap and Ben & Jerry’s ice cream will announce the results of a review aimed at improving investor returns, with the sale of its spreads business and a one-off special dividend among the options being considered.

Related: Unilever is safe, but we need better defences against short-term capitalism

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from Mergers and acquisitions | The Guardian http://ift.tt/2nSjG9n

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