Dutch-British consumer goods company Unilever wants to acquire the food branch of British company Reckitt Benckiser, though is facing competition from American company Hormel Foods, British newspaper Sunday Times reports based on anonymous sources.
The acquisition involves around 2.2 billion pounds, or 2.5 billion euros, according to the newspaper. Reckitt is known for French's Mustard, Frank's RedHot Sauce, Worcestershire sauce and brands like Calgon, Durex, Nurofen and Clearasil.
While Unilever immediately rejected a recent takeover bid by American competitor Kraft Heinz, it seems their shareholders were less dismissive. They think that the British-Dutch company can do better and that changes should be made, NOS reports. On Thursday CEO Paul Polman announced that Unilever is considering getting rid of its margarine branch.
The top executives of companies listed on the Amsterdam stock exchange AEX earned an average of 5 million euros last year, about 1 percent more than the year before, according to an analysis done by the Volkskrant.
American company Kraft Heinz withdrew its proposal for a merger with Anglo-Dutch food giant Unilever. The two companies announced in a joint statement on Sunday that Kraft Heinz "amicably agreed" to withdraw the plan, ANP reports
Unilever announced that it rejected a merger proposal brought by food giant Kraft Heinz on Friday, saying that the 125 billion dollar approach "fundamentally undervalues" the Anglo-Dutch company. Kraft Heinz is not giving up however and will continue to negotiate, Reuters reports.
Unilever is closing their premises in Vlaardingen by April 2019 as it is opening a new facility in Wageningen. Some of the nearly 800 Vlaardingen jobs will be moved to Wageningen
The organizers of food truck festival Rollende Keukens is taking Unilever to court because the food producer secretly sold food at the festival, Igor Sorko of Rollende Keukens said to BNR.
Unilever CEO Paul Poman thinks there is a obscene excess in salary handed to chief executives of businesses these days. "I am ashamed of the amount of money I earn," Polman told the Washington Post in an interview.
The consequences of global warming are already felt by businesses. Annually climate change costs Unilever 400 million euros, according to the company's CEO Paul Polman.
After presenting a business case to improve power and electrical supply to hospitals in Rwanda, Alliander & Cordaid won the "Best New Partnership Award" in The Partnership Election 2014. This competition challenges young professionals to form a partnership with a NGO and/or the government and develop a business case in a developing country.
