Unilever NV (UN_pa.AS)
Kraft Heinz's bid has jolted Unilever into focusing more on delivering on its strategy in the short-term, the Anglo-Dutch company's finance chief said on Friday.
* Sees no strategic rationale to combine with Kraft (Adds share price and valuation details)
Feb 24 Kraft Heinz's bid has jolted Unilever into focusing more on delivering on its strategy in the short-term, the Anglo-Dutch company's finance chief said on Friday.
LONDON, Feb 24 Unilever said the shock of Kraft Heinz's opportunistic approach had jolted it to re-examine its strategy, and all aspects of the consumer goods giant's business were up for review to increase shareholder value.
LONDON Unilever sought to show shareholders it can go it alone on Wednesday after rejecting Kraft Heinz's $143 billion bid, with the promise of a swift, far-reaching review.
* Miners lose ground on weaker metals prices (Adds details, closing prices)
* Follows rejection of $143 bln Kraft takeover bid (Adds detail from statements, banker quote, investor quote, background, adds bullet points, updates shares)
LONDON, Feb 22 Anglo-Dutch consumer goods group Unilever said it was reviewing its options to increase shareholder value, just days after it swiftly rejected a surprise $143 billion takeover bid from Kraft Heinz.
LONDON Kraft Heinz Co's rapid retreat from its surprise $143 billion bid for Unilever in the face of stiff resistance knocked the Anglo-Dutch company's shares on Monday as investors assessed the impact of the failed approach. | Video
LONDON Kraft Heinz's dropped bid to buy Unilever is the third-largest M&A deal to collapse, according to Thomson Reuters data, adding to a recent run of failures that highlights the appetite for the pursuit of audacious mega-mergers.