|Bid||349.50 x 0|
|Ask||0.00 x 0|
|Day's Range||349.50 - 349.50|
|52 Week Range||330.50 - 349.50|
|PE Ratio (TTM)||N/A|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||N/A|
Unilever has proposed to change the way executives and directors are paid in a bid to make them act more like owners of the business.
After rebuffing Kraft Heinz's advances, Unilever is undertaking a "comprehensive review" for its shareholders.
Kraft Heinz and Unilever sank early Tuesday after Kraft abruptly ended its $143 billion merger offer. But industry deal speculation continues.
Kraft Heinz Co's (KHC.O) rapid retreat from its surprise $143 billion bid for Unilever (ULVR.L) (UNc.AS) in the face of stiff resistance knocked the Anglo-Dutch company's shares on Monday as investors assessed the impact of the failed approach. Kraft, which is backed by Warren Buffett and the private equity firm 3G, wanted to buy Unilever as part of its strategy to become a global consumer goods giant by buying competitors and cutting costs and jobs to drive profits. The vehemence of this response, along with fears of a political backlash, was enough to put off 86-year old Buffett, whose Berkshire Hathaway (BRKa.N) has a long-held aversion to making hostile bids, sources told Reuters.
British Prime Minister Theresa May's office was not involved in Kraft Heinz's (KHC.O) decision to withdraw its $143 billion bid for Unilever (ULVR.L), her spokesman said on Monday. On Sunday, the Financial Times reported that May, who previously criticized Kraft's 2010 acquisition of another British firm, had ordered officials to examine the proposed deal and whether it merited government intervention. "I think the issue of the withdrawal from the Unilever deal by Kraft is an issue you should put to Kraft.
Kraft Heinz is dropping its $143 billion cash and stock offer for Anglo/Dutch consumer products giant Unilever just two days after revealing plans for what would have been one of the largest corporate takeovers in history.
The only way you can defend Unilever from being taken over by the rapacious capitalists who don't care about corporate social responsibility and sustainability is by simultaneously making the argument that those practices make a company less valuable.
Clorox, Colgate and Kimberly-Clark jumped on the Kraft Heinz bid for Unilever. Procter & Gamble hit a two-year high.