Unilever on Friday rejected a $143bn (£115bn) takeover offer from US food giant Kraft Heinz, saying that it sees absolutely no “financial or strategic” merit in a tie-up.

Kraft said in a statement earlier in the day that it had “made a comprehensive proposal to Unilever about combining the two groups to create a leading consumer goods company with a mission of long-term growth and sustainable living”.

>  >  > Continue to full article                      More reading here