New York — On Friday, Kraft Heinz said it had made an offer to Dutch giant Unilever to merge both companies, creating a leading consumer goods company, but was rejected. Despite being turned down, the US company would continue working towards a deal to combine both groups, it said in a statement filed with the London Stock Exchange. "Kraft Heinz confirms that it has made a comprehensive proposal to Unilever about combining the two groups to create a leading consumer goods company, with a mission of long-term growth and sustainable living," it said. "While Unilever has declined the proposal, we look forward to working to reach agreement on the terms of a transaction," Kraft Heinz said, adding, however, that there was "no certainty" that there would be a further proposal. Kraft Heinz is the fifth-biggest food and beverage company in the world and the third-biggest in North America. This week it reported sales of $6.86bn for the fourth quarter ending December 31. Unilever, which had sa...
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