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Unilever rejects Kraft Heinz' $143-billion merger bid

Relentless Kraft to pursue playing suitor, even as Unilver stays firm on rejection

AFP/PTI  |  New York 

Dutch giant Unilever has rejected Kraft Heinz's $143-billion merger bid on Friday, which would have created one of the largest consumer goods company in the world. Kraft Heinz on Friday said that its offer to merge with Unilever was rejected. Despite being turned down, the US company would continue working towards a deal to combine both groups, it said in a statement filed with the London Stock Exchange. "Kraft Heinz confirms that it has made a comprehensive proposal to Unilever about combining the two groups to create a leading consumer goods company with a ...

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