LONDON — Kraft Heinz Company said on Friday that it had offered to buy Unilever in a $143 billion deal that would potentially combine some of the world’s best known consumer brands. The deal, if it were to happen, would combine Unilever consumer staples like Dove soap, Hellman’s mayonnaise and Lipton tea with Kraft Heinz’s Oscar Mayer weiners, Heinz ketchup and Kraft macaroni and cheese. Sign Up Receive occasional updates and special offers for The New York Times's products and services. The proposal would have consisted of $30.23 a share in cash payable in U.S. dollars and 0.222 in shares in the combined company. Unilever’s shares rose more than 12 percent in afternoon trading in London on Friday after the announcement.

Source: New York Times February 17, 2017 14:09 UTC