March 15, 2017    1 minute read

Unilever Pushes for UK M&A Security

   March 15, 2017    1 minute read

Unilever Pushes for UK M&A Security

In the aftermath of Kraft Heinz’s failed £143bn bid, Unilever has called on the UK government to overhaul its takeover rules.

Editor’s Remarks: Unilever CEO Paul Polman denied asking for government protection, demanding that “there should be a level playing field.” The company argues takeover targets should have more time to prepare defences and that other stakeholders should be considered under M&A law beyond just shareholders. The issue was highlighted by Kraft Heinz’s bid for Unilever threatened the future of the Anglo-Dutch consumer goods giant and has caused it significant headaches trying to reassure shareholders of its value, despite Unilever’s annual sales of €53bn more than doubling those of its one-time American suitor.

What to watch: Unilever, Kraft Heinz, Paul Polman, Warren Buffett, The Panel on Takeovers and Mergers

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