Unilever rejects Kraft Heinz's merger proposal, Kraft will push further
Kraft Heinz has proposed a merger with Unilever but the Anglo-Dutch consumer goods company has declined."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.
Article continues below
READ MORE Kraft Heinz steps back from its offer to buy Unilever
"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
