Marmite owner Unilever rejects Kraft takeover bid

Marmite owner Unilever rejects Kraft takeover bid

Unilever, whose brands include Marmite and PG Tips, has strongly rejected a takeover bid from US giant Kraft Heinz.
The UK-based household goods maker said it saw "no merit, either financial or strategic" in Kraft's offer, worth about $143bn (£115bn). But Kraft, which makes Heinz ketchup, indicated it would continue working on a deal, sending shares in Unilever surging more than 11%. The deal would be one of the biggest in corporate history.

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