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Kraft drops US$143b bid for Unilever after negative response

A protracted war of words wasn't in best interest of Kraft and would risk souring future deal opportunities

41557823 - 17_02_2017 - (FILE) BRITAIN ECONOMY KRAFT UNILEVER TAKEOVER BID.jpg
Kraft Heinz Co's US$143 billion bid for Unilever NV collapsed just two days after it became public knowledge, with the adamance of the Anglo-Dutch target's rejection said to play into billionaire Warren Buffett's long-time aversion to hostile deals.

New York

KRAFT Heinz Co's US$143 billion bid for Unilever NV collapsed just two days after it became public knowledge, with the adamance of the Anglo-Dutch target's rejection said to play into billionaire Warren Buffett's long-time aversion to hostile deals.

The decision not to

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