POST Online Media Lite Edition


Unilever rejects Kraft Heinz's merger proposal, Kraft will push further

Staff Writer |
Kraft Heinz has proposed a merger with Unilever but the Anglo-Dutch consumer goods company has declined.

Article continues below

"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

Out of the blue: Kraft Heinz offers $143 billion for Unilever
Kraft Heinz cuts 700 jobs, 2,500 will leave in total
H.J. Heinz gets Canada's green light for Kraft Foods merger