Jan 17, 2022
Unilever looks set to continue pursuing £50bn-plus mega-merger
Unilever has already had a £50bn offer rejected, but said on Monday a deal would be a "Strong strategic fit". Unilever, maker of Marmite, PG Tips and Dove soap, says it wants a bigger slice of the health and hygiene sectors. Unilever has not said if it will sweeten its rejected offer, but according to the Bloomberg news agency the company has held talks with its banks about additional financing for a increased bid. Unilever's shares fell almost 7%.Unilever is already the third largest company on London's FTSE 100 index and is worth around £100bn. Hargreaves Lansdown analyst Laura Hoy said there is a good chance Unilever will raise its offer.
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