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Unilever Plans to Heal Shareholder Division Amid Pressures

Unilever is planning to appease a division among shareholders prompted by the rejection over a $143 billion takeover bid from Kraft Heinz. The company faces pressure amid a warning that Britain might become home to a “garage sale” due to several foreign takeovers.

Paul Polman, Unilever's chief executive, expressed support for changes to the takeover code governing corporate deals, in order to make it easier to preserve a “national champion” like Unilever. The firm is committed to warding off Kraft Heinz's interest. Former City Minister Paul Myners warned that a group of major British firms might become the case of a “garage sale” unless the government takes steps in preventing it.

Unilever is considering the sale of the group's underperforming spreads business, that includes Flora and Stork and I Can't Believe It's Not Butter, among other brands. The firm is also looking into raising $15 billion to fund medium-sized acquisitions as well as a special dividend or buyback to appease more fretful investors.
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