Unilever: to launch review after failed talks with Kraft.
(CercleFinance.com) - Unilever said on Wednesday that it would conduct a review of potential options to accelerate value for shareholders after its failed merger talks with the US food giant Kraft Heinz.
"The events of the last week have highlighted the need to capture more quickly the value we see in Unilever," the consumer goods company acknowledged in a statement.
Unilever expects the review to be completed by early April.
In a separate press release, Unilever adds that it now expects core operating margin improvement for 2017 to be "at the upper end" of its 40-80 bp guidance.
Unilever shares are up 4.9% at almost 44.8 euros today on Euronext Amsterdam.
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