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Unilever confirms spreads business sale to KKR

Dec. 15, 2017 11:44 AM ETThe Unilever Group (UN) StockUN, UL, KKRBy: Clark Schultz, SA News Editor
  • Unilever (UN, UL) confirms that it received a binding offer from KKR (NYSE:KKR) to purchase the spreads business for €6.825B on a cash-free, debt-free basis
  • The deal is expected to be completed in the middle part of 2018.
  • Unilever says it intends to return cash from the deal to shareholders unless more "value-creating acquisition alternatives" pop up.
  • Unilever statement

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