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Unilever competes with Hormel to buy £2.2 bn Reckitt Benckiser food unit

Reckitt trimmed sales forecasts, becoming one of the first firms to put a cost on June cyber attack

Andy Bruce | Reuters  |  London 

Unilever competes with Hormel to buy £2.2-bn Reckitt Benckiser food unit

Anglo-Dutch conglomerate is vying with US canned meat producer to buy the foods division of British maker Benckiser, the Sunday Times newspaper reported, citing sources.

and Hormel are front-runners in a deal that is likely to top £2.2 billion ($2.9 billion), the unidentified sources told the Sunday Times.

Earlier this month Reckitt, which owns the French's mustard brand, trimmed its forecasts, becoming one of the first to put a cost on a in June that disrupted its and distribution.

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