Deals
Kraft's Failed Bid Jolts Unilever Chief Into Protective Revamp
- Anglo-Dutch giant to sell spreads, review dual nationality
- Dove owner to cut costs, buy back shares and lift dividend
Unilever CEO Turns to Overhaul to Protect Independence
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Unilever Chief Executive Officer Paul Polman is channeling an aborted takeover coup by Kraft Heinz Co. into some shock therapy of his own.
Acknowledging that the failed $143 billion bid had energized his company, Polman announced his most sweeping overhaul of the consumer-goods giant in a bid to protect its independence after being caught off guard by the U.S. rival’s approach.