Unilever product, Blue Band, at display in a supermarket.
Unilever, which employs 169,000 people worldwide, announced in April that it would offload some of its best-known brands - including Flora and Stork - after fending off a £115bn takeover attempt from Kraft Heinz.
The spreads business of Unilever is to be gobbled up KKR as part of a shake-up at the consumer goods group.
Anglo-Dutch food and consumer giant Unilever has said it has reached a 6.8-billion-euro ($8-billion) deal with US private equity giant KKR to sell its margarines business.
As previously announced, Unilever will acquire Remgro's 25.75% shareholding in Unilever South Africa Holdings (Pty) Ltd (Unilever SA) in exchange for the Unilever Spreads business in Southern Africa as well as a cash consideration. It plans to sell its underperforming spreads business, which could yield up to £6bn.
Prince Harry interviews Barack Obama for radio show
Prince Harry and Barack Obama had some great bants ahead of an interview for BBC Radio 4's Today programme. During that meeting, they discussed shared interests around veterans and empowering young people.
"The announcement today marks a further step in reshaping and sharpening our portfolio for long-term growth", said Chief Executive Paul Polman.
Even as sales started to sag for its large stable of margarine brands - including Country Crock, I Can't Believe It's Not Butter and Imperial, the company set a hefty asking price of $8 billion, which was met by KKR, a source close to the situation said, New York Post reported. He added that it will help the momentum the company has achieved from the market's leading brands. That made it attractive to private equity firms who were the main bidders in the auction run by Goldman Sachs and Morgan Stanley.
Unilever intends to return the net cash realised to shareholders, unless it finds more value-creating acquisition opportunities. This month, rival Nestlé SA, which is under pressure from USA activist investor Third Point to boost shareholder value, struck a deal to acquire Canadian vitamin maker Atrium Innovations Inc. for $2.3 billion, including debt.
The deal is expected to be closed by May next year as a subject to regulatory approvals and employee consultations.
In 2017, Unilever has acquired small brands that include Sundial Brands, Carver Korea and Tazo tea.
Meanwhile, in Gujarat, Congress pulled out all stops in its attempt to wrest control from the BJP, which held power for 22 years. The results of 2017 Himachal Pradesh Assembly Elections and Gujarat Assembly Elections will be declared on December 18.
Reynders McVeigh Capital Management LLC lifted its stake in shares of Canadian National Railway by 1.4% in the 3rd quarter. Goldman Sachs Group assumed coverage on shares of Canadian Pacific Railway in a report on Monday, November 13th.
Apg Asset Management Nv reported 2.81M shares. (NYSE:MRK) earned "Equal-Weight" rating by Barclays Capital on Monday, October 30. Patriot Financial Group Insurance Agency LLC boosted its stake in shares of Texas Instruments by 18.4% during the 2nd quarter.
The No. 2 Senate Republican, John Cornyn (Texax-R) said on ABC's "This Week" that he "is confident" Congress will pass this bill. Under current law, qualifying taxpayers can deduct medical expenses which total more than 10 percent of their adjusted income.
Two brokers, who were running the racket online and booking rooms in star hotels for the customers, were also taken into custody. The police have also seized Rs 55,000 cash and two mobile phones from the spot.
G2 Investment Partners Management Llc decreased Attunity Ltd (ATTU) stake by 23.56% reported in 2017Q2 SEC filing. Since August 10, 2017, it had 0 insider purchases, and 38 selling transactions for $2.61 million activity.
Nissenkorn said he would meet with Israel's finance and economy ministers, along with the Teva workers union, on Monday. The acquisition has been accompanied by low prices for generics, particularly in the United States, a major market.
Information provided by the Central Intelligence Agency helped to prevent a series of terrorist bombings in St Petersburg, Russia. Returning militants from Syria pose a real threat to Russian Federation , the head of the FSB was quoted as saying on Tuesday.
NBC refused to say whether this was the only complaint lodged against Matthews in his two-decade tenure at the network. However, the network disputed the $40,000 figure, insisting that the package was actually a lot smaller than that.
The interview was part of a promotion of Gene Simmons's expansion of the restaurant Rock & Brews in which he has co-ownership. The gesture was followed by suggestive remarks from Simmons , who later touched the woman's buttocks, the lawsuit stated.
The Illinois-based Citadel Advsr Limited Liability Company has invested 0.03% in Spirit Airlines, Inc. (NASDAQ:SAVE). On Thursday, August 10 HUSTON JOHN J sold $999,064 worth of Colgate-Palmolive Company (NYSE:CL) or 14,000 shares.
The show starts on Monday 1am in the United Kingdom (8 PMET/5 PMPT in the US) whereas the pre-show will kick off at midnight. The entire event can be seen with a live stream online by using WWE Network , which costs $9.99 per month.
CSX (CSX) Lifted to Hold at BidaskClub
The stock of CSX Corporation (NASDAQ:CSX) has "Buy" rating given on Tuesday, January 19 by Argus Research. Conatus Capital Management Lp bought 771,487 shares as the company's stock rose 3.79% with the market.
Colts' Andrew Luck headed home soon, will resume throwing
The next time Luck is expected to meet the media is on January 1, during locker room clean out day, following the season finale. ESPN's Chris Mortensen reported that Luck may be facing a surgical procedure if the pain returns to his shoulder.
Every Xbox One X Purchase Gets A Free PUBG Copy
Since then, the free-for-all shooter has developed a massive following, with more than 24 million people having played it on PC. PlayerUnknown's Battlegrounds continues its dominance in gaming with this past week's launch on XBox One.
Power outage reported at worldwide airport in Atlanta
The airport is a hub of Atlanta-based Delta Air Lines and the carrier said it expected delays as a result of the loss of power. Abubey reports that the Plane Train, which connects each of the terminals below ground, is also affected.
Brazilian midfielder Kaka retires at age 35
I would like to work at a club as a manager, a sporting director or in a role that combines things on the pitch and the club. He was the last player other than Cristiano Ronaldo or Lionel Messi to receive the prize.
Killing of civilian by troops triggers clashes in Kupwara
In a tweet, Mirwaiz said that the "poor taxi driver was killed by the army while taking an ailing patient to a hospital". A civilian was killed allegedly in Army firing during an ambush in north Kashmir's Kupwara district, police said today.
The JM Smucker Company (NYSE:SJM): VC in The Spotlight
The stock has a market capitalization of $13,568.71, a price-to-earnings ratio of 16.30, a P/E/G ratio of 2.21 and a beta of 0.67. It worsened, as 84 investors sold CVS shares while 559 reduced holdings. 58 funds opened positions while 238 raised stakes.