Calls emerge for break up of Unilever following failed Kraft Heinz takeover attempt
One of Unilever‘s biggest shareholders is calling for the FMCG giant to be broken up following the failed takeover bid by US rival Kraft Heinz.
The top 10 investor told the Times that Unilever’s rejection of Kraft Heinz’s £115bn bid was the right call because it was too low and said it must now sell off some of its £10.6bn food empire so as to enhance the value” of its underperforming business.
They added that the proposed deal represented a “watershed moment” for the company, which must now focus on “unlocking value”. Read full story ›
Source: The Drum
