Kraft Heinz is dropping its plans to merge with Unilever
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Kraft Heinz and Unilever are calling off their plans to merge, just two days after news of Kraft Heinz' interest broke.
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"Unilever and Kraft Heinz hereby announce that Kraft Heinz has amicably agreed to withdraw its proposal for a combination of the two companies," the companies said in a statement on Sunday.
"Unilever and Kraft Heinz hold each other in high regard. Kraft Heinz has the utmost respect for the culture, strategy and leadership of Unilever."
More to come...
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