Unilever to return $5.3 billion to investorsStaff Writer | April 6, 2017
Unilever promised a multi-billion pound program of shareholder rewards after a corporate rethink sparked by a takeover approach from Kraft Heinz.
Shareholders A restructuring sparked by the rebuffed $143 billion offer
As part of its strategy to justify its rejection of Kraft Heinz's approach, Unilever will also splash out 5 billion euros ($5.3 billion) on a share buyback and will raise its dividend 12 percent this year.
Unilever, one of Europe's biggest blue-chip stocks, called the Kraft episode a "trigger moment" to assess its business, as the global packaged goods industry faces slowing growth and greater competition. ■