Unilever Bankers Are Said to Push for Colgate Buy: StreetInsider
Alert: HALISTER
Source: BFW (Bloomberg First Word)
Tickers
UNA NA (Unilever NV)
CL US (Colgate-Palmolive Co)
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UUID: 7947283
(Bloomberg) -- In private talks with Unilever’s board, bankers pushed the company to acquire Colgate while conditions are “ripe,” StreetInsider said, citing person claiming to have knowledge of the matter.
- Bankers cited strength in pound sterling, UN share price increase, relative weakness in CL shares
- Potential purchase would be financed 50% cash, 50% stock
- Not clear if UN will act on advice or whether it may have talks with CL in the near future
- CL up as much as 3.5%, most intraday since May 17
- NOTE: May 16, Colgate CEO Said to Be Open to Sale at $100/Share: New York Post
- NOTE: May 17, Unilever Colgate Bid ‘Would Make Strategic Sense’: Jefferies
Alert: HALISTER
Source: BFW (Bloomberg First Word)
Tickers
UNA NA (Unilever NV)
CL US (Colgate-Palmolive Co)
To de-activate this alert, click here
To modify this alert, click here
UUID: 7947283