- 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