Feb 17, 2017
Culture clash is biggest obstacle to Unilever takeover
When Paul Polman became chief executive of Unilever, the consumer goods company which on Friday rejected a $143bn takeover approach from Kraft Heinz, he told investors to steer clear unless they were prepared to sacrifice short-term profit for "Sustainable" ideals. Acquiring Unilever would increase Kraft Heinz's exposure to emerging markets. Kraft Heinz has offered to establish three Unilever headquarters in the UK, the Netherlands and the US, people briefed on the offer said. Further coverage on Kraft Heinz's approach for Unilever. Unilever rejects $143bn Kraft Heinz takeover bid.
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