PhotoLONDON — Unilever said on Wednesday that it was conducting a “comprehensive review” of its options after Kraft Heinz withdrew a $143 billion takeover bid for the consumer goods company on Sunday. Kraft Heinz, itself the product of mega-merger, publicly announced on Friday that it had offered to buy Unilever. On Wednesday, Unilever said it was reviewing potential options available to “accelerate delivery of value for the benefit of our shareholders.” It said it hoped to complete the review by April. PhotoOn Friday, Kraft Heinz publicly announced it had made a bid for Unilever, but the consumer goods company had rejected the offer. Kraft Heinz was created two years ago in a deal driven by 3G Capital, the Brazilian investment firm that partnered with Mr. Buffett in 2013 to buy Heinz.

Source: New York Times February 22, 2017 15:29 UTC