Deals
Unilever Reviewing Options for Change After Kraft Bid Fails
- Anglo-Dutch consumer-products giant raises profit forecast
- Shares surge, returning to levels after Kraft announced bid
Unilever Focuses on Returns in Strategic Review
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Unilever, fresh from fending off a $143 billion takeover proposal by Kraft Heinz Co., vowed to boost shareholder returns with a strategic review that might point to a breakup of the Anglo-Dutch consumer-goods giant.
Unilever shares surged 5.7 percent in London, returning to the levels immediately after Kraft announced its plan on Friday, as the maker of Dove soap and Ben & Jerry’s ice cream also raised its profitability forecast.