Unilever shares dive after Kraft Heinz abandons takeover bid - business live
(The Guardian Greece)

All the day´s economic and financial news, including the unravelling of Kraft Heinz´s pursuit of Unilever and a Greek bailout meetingUnilever shares are sliding in early tradingThe agenda: Eurozone ministers to discuss Greek bailoutFull story: Kraft Heinz withdraws Unilever takeover bid 8.24am GMT George Salmon, equity analyst at Hargreaves Lansdown, reckons the bid collapsed because that Warren Buffet (Kraft Heinz´s biggest shareholder) wouldn´t put his hand deeper into his pocket.Salmon says:`After the news broke that Kraft were in the frame for a takeover on Friday, Unilever´s initial reaction was frosty to say the least. However, Kraft was clearly hopeful of working towards a deal. With the shares settling around half way between a realistic second offer price and where they traded before the news broke, the deal going through was far from a formality. However, it is still surprising to see it shelved just one business day after the initial news broke. 8.21am GMT Why did Kraft Heinz walk away so fast?One reason is that it simply wasn´t offering enough for Unilever. 8.07am GMT A weekend is a long time in dealmaking.Kraft Heinz calls it a day. Withdraws interest in @Unilever after takeover bid encounters strong resistance. pic.twitter.com/ULElEtEzlG 7.46am GMT Good morning, and welcome to our rolling coverage of the world economy, the financial markets, the eurozone and business.`Delays in completing the review raise the risk of another bailout being needed.` Related: Kraft Heinz withdraws Unilever takeover bid Bovis disappoints...pre-tax profit down 3% £154.7m for the FY...the #market expected flat Continue reading...