A proposed $143 billion takeover of consumer giant Unilever by family-backed Kraft Heinz has been withdrawn less than 48 hours after the deal was first tabled.
Kraft Heinz made an initial offer on 17 February but withdrew it on 19 February with both companies issuing an unusual joint statement: “Unilever and Kraft Heinz hold each other in high regard. Kraft Heinz has the utmost respect for the culture, strategy and leadership of Unilever.”
