On Friday the 17th of February the Kraft Heinz Company offered $ 143 billion dollars (€ 130 billion Euro’s) for Unilever. Unilever declined the offer, but it seems there is room for negotiations between the companies. Kraft offered a price of $ 50 a share. A 18% premium to the closing prices on Thursday. It seems that the offer consisted of a cash offer of $ 30,23 a share and a stock offer of 0.222 shares per Unilever share in the combined company. The share price of Unilever has risen by 12% on Friday after the news became public.
It seems that Kraft has the possibility to improve the offer until the 17th of March. I will be following this since I have 23 shares of Unilever in my portfolio. My preference would actually be to just keep the shares. On the other hand, this is a nice opportunity to sell them for a great price and to receive some Kraft shares in addition. Well, the outcome is not up to me, so we will see what happens.