Sector News

Unilever shareholders wanted further discussions with Kraft-Heinz

March 17, 2017
Food & Drink

A majority of Unilever shareholders favored further discussions with Kraft-Heinz vs. a sharp rejection of its takeover bid, according to a survey conducted by Bernstein.

The poll published on Thursday indicated that 53% of Unilever shareholders said they would have liked the Anglo-Dutch company to have negotiated with Kraft-Heinz.

Of those for negotiations, the majority stated that they wanted a 40% premium to Unilever’s share price, instead of the 18% premium proposed by Kraft Heinz.

By Giovanni Bruno

Source: The Street

comments closed

Related News

October 2, 2022

Drinktec 2022: In review

Food & Drink

In the lead-up to the world-famous Oktoberfest – which celebrates Bavarian tradition, beer and the festival spirit – Munich was already buzzing with activity by the time the doors opened to Drinktec 2022 on 12-16 September. The atmosphere was lively, with approximately 50,000 visitors from 169 countries in attendance.

October 2, 2022

Alan Jope to step down as Unilever CEO

Food & Drink

Unilever has announced CEO Alan Jope’s decision to retire from the company at the end of 2023, after five years at the helm. The announcement comes less than a year after a failed attempt by Unilever to buy GlaxoSmithKline’s consumer healthcare business and just months after activist investor Nelson Peltz joined the company’s board.

October 2, 2022

Lakeland Dairies names Colin Kelly as next group CEO

Food & Drink

Lakeland Dairies has announced that Colin Kelly will assume the role of group CEO following the retirement of Michael Hanley at the end of the year. Kelly will take up the position in January 2023, while Hanley will step down in December this year.