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There’s no stopping Unilever.
London listed shares in the Anglo-Dutch consumer goods company have hit their highest on record going back to 1983 today after Kraft Heinz confirmed that it had made a £112bn bid Unilever. Shares are up 14.5 per cent at publication time at £38.33 on the London Stock Exchange.
The bid has been rejected but Kraft Heinz said it looked “forward to working to reach agreement on the terms of a transaction”.
Shares in Kraft Heinz are up 4 per cent in pre-market US trading having suffered their worst one-day fall since May 2016 yesterday.