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Unilever clinches Bestfoods deal

- 07 June 2000
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7 June 2000



Unilever clinches Bestfoods deal


UNILEVER has agreed to pay $20.3bn ($13.4bn) for Bestfoods, in the biggest takeover in the food industry for more than a decade.

The Anglo-Dutch company increased its offer from $66 to $73 a share and will assume $4bn of Bestfoods debt, reports the Financial Times.

The acquisition will make Unilever the worlds second largest food business after Nestle.

  • Financial Times 07/06/2000 page 1, 26 and 28

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