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Kraft walks away from 'friendly' bid for Unilever

Kraft walks away from 'friendly' bid for Unilever

Monday, February 20, 2017, 12:25 PM

U.S. food company Kraft Heinz Co withdrew its proposal for a $143-billion merger with larger rival Unilever Plc, the companies said, raising questions about whether Kraft will turn its focus to another target. Kraft had made a surprise offer for Unilever to build a global consumer goods behemoth that was flatly rejected by Unilever, the maker of Lipton tea and Dove soap.
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