Unilever rejects Kraft Heinz's merger proposal, Kraft will push further
"Kraft confirms that it has made a comprehensive proposal to Unilever about combining the two groups to create a leading consumer goods company with a mission of long-term growth and sustainable living," Kraft said in a statement.
"While Unilever has declined the proposal, we look forward to working to reach agreement on the terms of a transaction," Kraft said.
The company also said a further statement would be made as appropriate. ■
What to read next
More inside POST
What a new leader has to learn Leadership