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6 months ago
BRIEF-Unilever CFO says Kraft bid was "trigger moment" for co, will not waste it
February 24, 2017 / 1:45 PM / 6 months ago

BRIEF-Unilever CFO says Kraft bid was "trigger moment" for co, will not waste it

Feb 24 (Reuters) - Unilever Plc

* Unilever CFO at CAGNY Conference - "It was clear to us that kraft bid substantially undervalued Unilever"

* Unilever CFO at CAGNY Conference- In review, co will be looking at faster value creation in its portfolio, organisation, cost structure, balance sheet

* Unilever- Events of last week show us challenge to unlock more value faster in short term rather than focusing on steady value creation over long term

* Unilever CFO at CAGNY Conference -"it (Kraft bid) certainly was a trigger moment for Unilever and we will not waste it"

* Unilever CFO -co's geographic and category footprints are very different so there would very little "real synergy" in merger with Kraft Further company coverage:

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