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[$$] Unilever Drops Plan to Leave London Amid Shareholder Revolt

Unilever PLC on Friday abandoned its plan to ditch its London headquarters in favor of the Netherlands after facing mounting opposition from some of its largest investors. The move would have cost Unilever its place in the U.K.’s FTSE 100 index, forcing some investors to sell. The reversal represents a surprise capitulation for departing Chief Executive Paul Polman, who made the consolidation effort his swan song.