Key Developments: Unilever PLC (UL)
43.27USD
20 May 2013
$0.05 (+0.12%)
$43.22
$43.24
$43.41
$43.16
743,954
869,804
$43.63
$30.84
Latest Key Developments (Source: Significant Developments)
Unilever Plc's $5.4 Billion Open Offer For Hindustan Unilever Ltd To Begin On June 21-The Economic Times
The Economic Times reported that Hindustan Unilever Ltd said the $5.4 billion-open offer by parent firm Unilever Plc to buy 22.52% stake in the Company would begin on June 21. Anglo-Dutch consumer goods giant Unilever Plc is looking to hike stake in Indian arm Hindustan Unilever Ltd (HUL) to 75% through the open offer. Currently, it has a stake of 52.48%. Unilever will pay INR600 a share, valuing the open offer at $ 5.4 billion. The open offer would begin on June 21 and close on July 4, HUL said in a regulatory filing. Full Article
Hindustan Unilever Ltd Announces Voluntary Open Offer From Unilever PLC And Unilever NV
Hindustan Unilever Ltd announced that the Board of Directors at their meeting held on May 03, 2013 has taken note of the Voluntary Open Offer for acquisition of 22.52% of the Voting Share Capital of the Company, made by Unilever PLC along with Unilever NV in capacity as person acting in concert with the Acquirer. Further, in terms of the requirements of Regulation 26(6) the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011 the Board of Directors has constituted the Independent Directors' Committee to provide reasoned recommendation to the shareholders on the Voluntary Open Offer from the Acquirer. The Committee shall consist of all Independent Directors of the Company, i.e. Mr. Aditya Narayan, Mr. S. Ramadorai, Dr. R. A. Mashelkar, Mr. O. P. Bhatt and Dr. Sanjiv Misra and Mr. Aditya Narayan shall act as the Chairman of the Committee. Full Article
Unilever PLC To Raise Stake In Hindustan Unilever Ltd-Reuters
Reuters reported that Unilever PLC will pay as much as $5.4 billion to raise its stake in its Indian unit, Hindustan Unilever Ltd to up to 75%. Unilever said it would acquire up to 487 million shares, or 22.52% of the equity, of Hindustan Unilever in an open offer for INR600 a share, 20.6% premium to April 29, 2013 closing price. Full Article
Unilever NV and Unilever PLC Declare Interim Dividend for Q1 2013
Unilever NV announced that the Boards of Directors of Unilever NV and Unilever PLC have declared a quarterly interim dividend for Q1 of fiscal year 2013. For Unilever NV the dividend is at EUR 0.2690 (up 10.7%) and for Unilever PLC of GBP 0.2291. The dividend for Unilever NV New York share is of USD 0.3494 and for Unilever PLC American Depositary Receipt also of USD 0.3494. The quarterly interim dividends have been determined in EUR and converted into equivalent sterling and USD amounts using exchange rates issued by the European Central Bank on April 23, 2013. USD cheques for the quarterly interim dividend will be mailed on June 11, 2013 to holders of record at the close of business on May 10, 2013. In the case of the NV New York shares, Netherlands withholding tax will be deducted. Ex-dividend date for the quarterly dividend for Q1 is May 8, 2013, record date May 10, 2013 and payment date June 12, 2013. Full Article
Unilever PLC To Close Atlanta Manufacturing Plant-DJ
Dow Jones reported that Unilever PLC announced it will be closing its Atlanta-based spreads factory by June 30, 2013. The action is being taken to address spare capacity among Unilever U.S.-based spreads plants. Full Article
Unilever PLC Agrees to Sell Global Skippy Business to Hormel Foods
Unilever PLC announced that it has signed a definitive agreement for the sale of its global Skippy business to Hormel Foods for a total cash consideration of approximately $700 million. The transaction includes Unilever's Skippy manufacturing facilities in Little Rock, Ark., and Weifang, China (located in the Shandong province). Skippy's annual turnover is approximately $370 million. The transaction, subject to regulatory approval and customary closing conditions, is expected to close early in 2013. Full Article
Unilever Pakistan Ltd Announces Acquisition Plan by Unilever PLC's Subsidiary
Unilever Pakistan Ltd announced that Unilever Overseas Holdings Ltd, the United Kingdom-based wholly owned subsidiary of Unilever PLC, holding 75.07% of the total issued share capital of the Company, has conveyed its intention to acquire all of the issued ordinary shares held by other shareholders of the Company at a proposed purchase price of PKR 9,700 per share and to seek the delisting of the shares of the Company from the Karachi, Lahore and Islamabad Stock Exchanges and the revocation of the CDS Eligibility of the shares of the Company. Full Article
Unilever plc Announces Interim Dividend
Unilever plc announced that the Boards have declared a quarterly interim dividend for Q3 2012 at the following rates which are equivalent in value at the rate of exchange applied under the terms of the Equalisation Agreement between the two companies Per Unilever N.V. ordinary share: EUR0.2430; Per Unilever PLC ordinary share: GBP0.1977; Per Unilever N.V. New York share: USD0.3160; Per Unilever PLC American Depositary Receipt: USD0.3160. The quarterly interim dividends will be payable as from December 12, 2012, to shareholders registered at close of business on November 9, 2012. The shares will go ex-dividend on November 7, 2012. Full Article
Unilever plc Buyer For Skippy Peanut Butter Brand-DJ
Dow Jones reported that Unilever plc is seeking a buyer for its Skippy peanut butter brand, which could fetch the company between $300 million to $400 million, Bloomberg News reported. The company hired Lazard Ltd. (LAZ) to conduct a sale of the brand, Bloomberg reported. Full Article
ConAgra Foods Inc Completes Acquisition of Bertolli and P.F. Chang`s Frozen Meals Businesses from Unilever PLC
ConAgra Foods Inc announced that it has completed its acquisition of the Bertolli and P.F. Chang`s Home Menu frozen meals businesses from Unilever PLC, for total cash consideration of $267 million, subject to adjustment. The company announced the acquisition agreement on July 30, 2012. The acquisition includes the frozen meals businesses, a license for use of the Bertolli brand name and the transfer of Unilever`s existing license with P.F. Chang`s for use of the P.F. Chang`s Home Menu brand name. Full Article
Deals of the day -- mergers and acquisitions
April 30 - The following bids, mergers, acquisitions and disposals were reported by 2000 GMT on Tuesday:
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