Kraft Heinz Co. withdrew its $143 billion bid for Unilever two days after the approach became public, citing the Anglo-Dutch target's reluctance to engage in discussions.
"Kraft Heinz's interest was made public at an extremely early stage," spokesman Michael Mullen said Sunday in an e-mailed statement. "Our intention was to proceed on a friendly basis, but it was made clear Unilever did not wish to pursue a transaction. It is best to step away early so both companies can focus on their own independent plans to generate value."..