Home News Unilever, Hormel fight for Reckitt unit – Hormel Foods Corporation (NYSE:HRL)

Unilever, Hormel fight for Reckitt unit – Hormel Foods Corporation (NYSE:HRL)

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Unilever (UL, UN) is locked in a £2B battle with Hormel Foods (NYSE:HRL) to buy Reckitt Benckiser’s (OTCPK:RBGLY) food business, according to the Sunday Times.

Reckitt is rushing to offload the unwanted division after receiving a series of knockout bids in recent weeks.

Binding offers for the unit are expected in the next few weeks.



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