home Local News Unilever shares slide after Kraft Heinz withdraws its $143-billion bid

Unilever shares slide after Kraft Heinz withdraws its $143-billion bid

Shares in Unilever, the owner of brands like Hellman’s, Lipton, and Knorr, fell sharply in overseas trading after rival Kraft Heinz withdrew a $143-billion takeover offer.

The companies said Sunday in a joint press release that Kraft Heinz has “amicably” abandoned the offer.

Shares in Unilever…



Source: LA Times

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