Unilever vies with Hormel to buy Reckitt food unit: Sunday Times
Reuters
Published Jul 15, 2017 07:32PM ET
Unilever vies with Hormel to buy Reckitt food unit: Sunday Times
LONDON (Reuters) - Anglo-Dutch conglomerate Unilever (L:ULVR) (AS:UNc) is vying with U.S. canned meat producer Hormel Foods Corp (N:HRL) to buy the foods division of British consumer goods maker Reckitt Benckiser , the Sunday Times newspaper reported, citing sources.
Unilever and Hormel are front-runners in a deal that is likely to top 2.2 billion pounds ($2.9 billion), the unidentified sources told the Sunday Times.
Earlier this month Reckitt (L:RB), 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.
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Written By: Reuters
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