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Monday, 20 February 2017

Kraft Heinz withdraws USD 143 bn offer for Unilever

Kraft Heinz has withdrawn its USD 143 bn offer for Unilever just two days after it confirmed it was interested in the transaction. Kraft Heinz’s board — which includes Warren Buffett among its members — voted to walk away as the “alternative would have been to pursue a public and possibly costly fight against Unilever, a bulwark of British and Dutch business” after Unilever made it clear it was not interested in talks, the New York Times notes.

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