Unilever (UL) approached by The Kraft Heinz Company (KHC)

Unilever (UL) notes the announcement by The Kraft Heinz Company (KHC) that it has made a potential offer for all of the shares of Unilever PLC and Unilever N.V. Their proposal represents a premium of 18% to Unilever’s share price as at the close of business on 16 February 2017.

The proposal received was that Unilever common shareholders would receive $50.00 per share in a mix of $30.23 per share in cash payable in U.S. dollars and 0.222 new enlarged entity shares per existing Unilever share, which valued Unilever at a total equity value of approximately $143 billion.