ADVFN - Advanced Financial Network.
HOME» NYSE » U » UN Stock Price » UN Stock News

Unilever Share News

 Unilever N.v. Stock Price
UN Stock Price
 Unilever N.v. Stock Chart
UN Stock Chart
 Unilever N.v. Stock News
UN Stock News
 Unilever N.v. Company Information
UN Company Information
 Unilever N.v. Stock Trades
UN Stock Trades

Blackstone, BC Partners Won't Submit Higher Bid For Iglo - Source

By Marietta Cauchi LONDON--Buyout groups Blackstone Group (BX) and BC Partners aren't submitting a revised offer for European frozen food group Iglo, after their initial approach was rejected by Iglo's owner, Permira, a person briefed on the matter said Wednesday. Permira rejected a bid valuing Iglo, Europe's largest branded frozen foods business, at around 2.5 billion euros, or about $3.12 billion, because it came in below the EUR2.8 billion to EUR3 billion price Permira wanted, people previously told Dow Jones Newswires. Permira bought Iglo from Unilever PLC (UNA.AE) for EUR1.7 billion in 2006 and, in July 2010, recombined its Birds Eye unit with Unilever's other frozen-food business, Findus Italy, in a GBP675 million deal. Earlier this year it hired Credit Suisse Group AG (CS) to advise on a sale of the business. Blackstone and BC Partners decided to team up on a joint bid last week after earlier having been in competition to buy the company, which makes frozen food staples like fish fingers and the Bake to Perfection food range in the Captain Birds Eye range. Rival buyout firm PAI Partners withdrew from the auction last month while Thai food group Charoen Pokphand PCL (CPF.TH) was also interested in parts of the company. It didn't submit a formal bid. Permira is now expected to support Iglo's consolidation strategy which was agreed before the sales process was launched. In particular, the company plans to expand across Europe with an emphasis on eastern Europe. There has also been speculation that Iglo was interested in buying Findus Group, the U.K.-based frozen food maker owned by Lion Capital with operations in the Nordics and France as well as the U.K. However, Lion Capital is now focused on restructuring the business. Write to Marietta Cauchi at marietta.cauchi@dowjones.com

Stock News for Unilever (UN)
DateTimeHeadline
08/31/201502:12:00Givaudan Acquires Cosmetics Maker Induchem
08/24/201508:20:00Tobacco Makers Seek to Cut Brands
07/29/201506:08:32Unilever Prices $1 Billion Bond Offering
07/28/201519:10:37P&G Names David Taylor as CEO
07/28/201518:52:47P&G Names David Taylor as CEO
07/28/201518:25:16P&G Names David Taylor as CEO
07/23/201517:31:15ADRs End Lower; Credit Suisse Rises
07/23/201505:10:34Unilever's Profit Slumps as Sales Growth Slows -- 2nd Update
07/23/201503:58:37Unilever's Profit Slumps as Sales Growth Slows -- Update
07/23/201503:50:48Unilever Profit Falls as Sales Growth Slows
07/23/201503:15:59Unilever's Profit Slumps as Sales Growth Slows
07/21/201507:30:35Hindustan Unilever Profit Flat on Weak Sales
07/21/201507:01:07blur Group Shares Soar as Big Customers Sign Up
07/21/201505:13:45UPDATE: Unilever HY 2015 -- Forecast
07/20/201509:20:00Morning Briefing on Personal Products Stocks -- Colgate-Palmolive...
07/20/201508:15:21Unilever HY 2015 -- Forecast
07/20/201504:41:13Alibaba In Partnership With Unilever To Reach China's Rural Consumers
07/17/201509:31:21Unilever's Newest Products Go on a Pedestal
07/17/201502:10:06Givaudan Says Cost Cuts Help Offset Strong Franc Impact
07/14/201511:10:10Blue Bell Receives Investment from Sid Bass

Unilever and other New York Stock Exchange stock quotes are delayed by at least 20 minutes.
All other stock price data is delayed by at least 15 minutes unless otherwise stated.
By accessing the services available at ADVFN you are agreeing to be bound by ADVFN's Terms & Conditions
Contact Us | Copyright 1999-2007 ADVFN PLC. | Privacy Policy | Investment Warning | Data accreditations | Investor Relations

ADVFNADVFN ItalyADVFN GermanyADVFN FranceADVFN BrazilADVFN JapanADVFN UKADVFN US noad