Thursday 25 May 2017
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3 months ago

Unilever rejected Kraft s takeover offer and the stock is soaring (KHC, UNILEVER)

Shares in Unilever are up12.26% at $37.51 a share while Kraft Heinz is up 2.49% at $93.37 a shareon Friday morning after Unilever rejected Kraft s takeover bid.Kraft, the maker of Velveeta, Mac and Cheese, and Heinz Ketchup approached the company behind Ben and Jerry s, Hellman s mayonnaise and Dove with a $143 billion offer.While Kraft said in a statement that they look forward to working to reach agreement on the terms of a transaction, aUnilever statement says the

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