 "Unilever spurred into speedy value review by Kraft bid")
Unilever sought to show shareholders it can go it alone on Wednesday after rejecting Kraft Heinz’s $143-billion bid, with the promise of a swift, far-reaching review.
This should be completed by early April and could lead to asset sales and cost cuts, a source close to the Anglo-Dutch company said only days after it roundly dismissed Kraft’s approach as without financial or strategic merit. “The events of the last week have highlighted the need to capture more quickly the value we see in Unilever,” the ice cream-to-shampoo producer said in a statement announcing the “comprehensive” review of the business.
This should be completed by early April and could lead to asset sales and cost cuts, a source close to the Anglo-Dutch company said only days after it roundly dismissed Kraft’s approach as without financial or strategic merit. “The events of the last week have highlighted the need to capture more quickly the value we see in Unilever,” the ice cream-to-shampoo producer said in a statement announcing the “comprehensive” review of the business.
