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Unilever To Exit Food Market, Buy Home Care Company, Reports Say

August 2, 2011: 03:06 AM EST
Analysts believe that Unilever plans to sell its food division to finance reported plans to acquire a home and personal care company. Such an acquisition would help improve the company's performance in the stock market, where concerns about skyrocketing materials costs and declining consumer spending have hammered Unilever shares recently. Letting go of its food unit will enhance the company's growth potential, while an acquisition in the home care segment will strengthen the company's profile in that category. Some investment analysts advise clients to buy shares of Unilever, which is reportedly looking at Reckitt Benckiser as a potential takeover target.
Nick Fletcher , "Unilever tipped for possible €14bn sale of its food business to fund home and personal care deal", Guardian.co.uk, August 02, 2011, © Guardian News and Media Limited
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