World Markets Live - February 17 - CNBC Live Events

CNBC Live Events

World Markets Live - February 17

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    Unilever shares spiked today on confirmation that the U.S company Kraft Heinz made a merger proposal.
    Unilever declined the proposal, saying Kraft Heinz's offer of $50 per share, in a mix of cash and equity, undervalued the company.
    The proposed offer, an 18 percent premium on Unilever's previous closing share price, valued the company at approximately $143 billion.
    Kraft Heinz made a key comment when it confirmed it had proposed a merger, saying "there can be no certainty that any further formal proposal will be made to the Board of Unilever or that an offer will be made at all or as to the terms of any transaction.
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