Feb 17th, 2017
Why Unilever Rejected Kraft Heinz's Takeover Bid
Kraft Heinz made a $143 billion offer for Unilever in what would be the largest-ever takeover in the food or beverage industry, opening a campaign to create a consumer-goods giant with household names from Dove soap to Heinz ketchup. Unilever said it rejected the $50 a share proposal, comprising about two-thirds in cash and a third in new stock. Bloomberg's Craig Giammona has more on "Bloomberg Markets." (Source: Bloomberg)



