Unilever vies with Hormel to buy Reckitt Benckiser’s food unit: report
London: Anglo-Dutch conglomerate Unilever is vying with US canned meat producer Hormel Foods Corp to buy the foods division of British consumer goods maker Reckitt Benckiser, the Sunday Times newspaper reported, citing people with the knowledge of the matter.
Unilever and Hormel are front-runners in a deal that is likely to top £2.2 billion ($2.9 billion), the unidentified people told the Sunday Times.
Earlier this month Reckitt, which owns the French’s mustard brand, trimmed its sales forecasts, becoming one of the first companies to put a cost on a global cyber attack in June that disrupted its manufacturing and distribution. Reuters
- P. Chidambaram moves Supreme Court for protection of his rights
- Fed resists upgrading long-run growth outlook after tax cuts
- Donald Trump names India, China to defend climate change policy
- GoAir flight with 112 on board grounded at Leh airport after technical glitch
- E-way bill set to roll out from 1 April, no consensus on simplification of GST returns