Politics
How do you think Trump did this week? Let us know

Mondelez International

Unilever rejected Kraft's bid, but Kraft is still trying to buy it

Unilever rejected Kraft's bid, but Kraft is still trying to buy it

Kraft Heinz Co. is trying to buy Unilever in a $143-billion deal that would join the U.S. maker of cheeses and lunch meats with the European producer of mayonnaise, teas and seasonings, creating a global powerhouse.

Unilever rejected the approach and called the price too low, but Kraft Heinz says it's still interested in a deal. Shares of both companies surged to new highs as investors saw prospects for cost cutting.

A combination of Kraft Heinz, which sells Oscar Mayer meats, Jell-O pudding and Velveeta cheese, and Unilever, which owns brands including Hellmann's, Lipton and Knorr, would rival Nestle as the world's biggest packaged food-maker by sales.

That might not...

55°