Unilever Trading Higher on Reports of Possible TOB from Colgate

Includes: CL, UL, UN
by: Steven Towns

Ordinary shares of Unilever trading in London and Amsterdam are up about 3% in afternoon trading, on news of reports saying Colgate-Palmolive could make a takeover bid. Unilever's shares have traded to the upside following Danone's $16.7 billion offer for Numico, a Dutch baby food maker. New York registered shares and ADRs of Unilever NV and Unilever plc (both listed on the NYSE) are tracking the gains in Europe in pre-market trading. They rose 1.7% to $31.91 and 1.9% to $33.11, respectively on Tuesday. Colgate is untraded so far in pre-market activity. MarketWatch notes Unilever declined to comment on the reports.

Sources: MarketWatch
Commentary: Selling Unilever Calls: Euro Has Reached Its HighUnilever: The High Dividend Consumer Staples LeaderUnilever PLC's Intrinsic Value, Share Price Converge Colgate-chart-7-11-2007 Unilever-chart-7-11-2007
Stocks/ETFs to watch: Unilever NV (NYSE:UN), Unilever plc (NYSE:UL), Colgate-Palmolive Co. (NYSE:CL). ETFs: iShares MSCI Netherlands Index (NYSEARCA:EWN)

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