The Kraft Heinz Company (Nasdaq: KHC) notes the recent speculation regarding a possible combination of Kraft and Unilever plc / Unilever NA (NYSE: UL). Kraft 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. While Unilever has declined the proposal, we look forward to working to reach agreement on the terms of a transaction. There can be no certainty that any further formal proposal will be made to the Board of Unilever or that an offer will be made at all or as to the terms of any transaction.
This announcement does not constitute an announcement of a firm intention to make an offer under Rule 2.7 of the UK City Code on Takeovers and Mergers (the "Code"). In accordance with Rule 2.6(a) of the Code, Kraft must, by not later than 5.00 p.m. (London time) on 17 March 2017, either announce a firm intention to make an offer for Unilever in accordance with Rule 2.7 of the Code or announce that it does not intend to make an offer for Unilever in which case the announcement will be treated as a statement to which Rule 2.8 of the Code applies. This deadline will only be extended with the consent of Unilever and the UK Takeover Panel in accordance with Rule 2.6(c) of the Code.
In accordance with Rule 2.9 of the Code, Kraft discloses that, as at the date of this announcement, it has 1,216,816,890 shares of common stock par value $0.01 each ("Kraft Stock") in issue and traded on NASDAQ under the banner KHC. The International Securities Identification number for the Kraft Stock is US 5007541064
This is a press release by Kraft pursuant to the provisions of Section 4 Paragraph 3 of the Decree on Public Takeover Bids (Besluit Openbare Biedingen Wft) of the Netherlands in connection with a potential voluntary public offer by Kraft for all the issued and outstanding ordinary shares in the capital of Unilever. This announcement does not constitute an offer, or any solicitation of any offer, to buy or subscribe for any securities. Any offer will be made only by means of an offer memorandum.