after a failed acquisition and news an activist investor had built a stake in the consumer goods giant.
The maker of Dove soap and Magnum ice cream has had a bumpy few years, with shares falling about a quarter from highs seen in late 2019, and chief executive officer Alan Jope’s plans facing scrutiny.Unilever agreed to sell its global tea business to CVC Capital Partners for 4.5 billion euros , concluding a process of reviewing and spinning off the division that took more than two years.
Later in the day, GSK said it had rejected Unilever’s 50-billion-pound offer, saying it “fundamentally undervalued” the consumer healthcare business. GSK said it had received the third approach from Unilever on December 20 and that it comprised 41.7 billion pounds in cash and 8.3 billion in Unilever shares.
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