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Unilever shares drop on Kraft withdrawal - corporate

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US company Kraft Heinz's rapid retreat from its surprise bid for Unilever sent the Anglo-Dutch group's shares down over seven percent on Monday in London and Amsterdam. They had jumped 13 percent when the offer became public on Friday, but over the weekend the Americans said they were pulling out in the face of stiff resistance. The weaker pound since the Brexit vote made the takeover more attractive but the British government recently signalled it would look closely at foreign takeovers espec…READ MORE : http://www.euronews.com/2017/02/20/un...euronews business brings you latest updates from the world of finance and economy, in-depth analysis, interviews, infographics and moreSubscribe for daily dose of business news: http://bit.ly/1pcHCzjMade by euronews, the most watched news channel in Europe.

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