Unilever Nv : Offer for GSK CH: “we will not increase our offer above £ 50bn”
>Clarification could underpin stock’s recovery - Outperform rating maintained. Following the stock’s sell-off of close to -10% since the announcement (last Saturday) of the £ 50bn for GSK Consumer Health – which was rejected – Unilever has clarified it does not intend to raise its offer. This clarification was welcomed by a 4% rally by the share at the close of trading yesterday, bringing its decline on the week to a little less than 5%. It may be legitimate to think ...Unilever is a consumer goods manufacturing group based in the United Kingdom. Co. is engaged in supplying consumer goods in the refreshments, foods, home and personal product categories. Co. supplies its consumers product for nutrition, hygiene and personal care and is active in emerging markets in Asia, Africa, Central & Eastern Europe and Latin America. Co.'s portfolio includes such well-known brands as Knorr, Lipton, Hellmann's, Magnum, Omo, Dove, Lux and Axe/Lynx. Co. manages its brands under the following four category headings: savoury, dressings and spreads; ice cream and beverages; personal care; and home care. Co.'s products are sold in over 190 countries around the world.
Oddo Securities provides securities brokerage and research services. The company offers equity, economic, and derivatives research and credit analysis services. It focuses on insurance, automotive, building materials, pharmaceuticals, telecommunications, information technology, and agri-food industries.
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