March 14, 2017 / 3:59 PM / a year ago

Unilever CEO calls for 'level playing field' after Kraft's failed $143 bln bid - FT

LONDON, March 14 (Reuters) - Unilever CEO Paul Polman said there should be a level playing field for companies facing takeover bids such as Kraft Heinz’s failed $143 billion attempt to buy the Anglo-Dutch company, the FT reported on Tuesday.

“We’re not talking about protection; we are saying that when you have a situation like this, with a national champion, there should be a level playing field,” the FT quoted Polman as saying.

The U.S. company walked away from a fight with Unilever last month, just two days after its $143 billion bid - and Unilever’s rejection - was made public. (Reporting by Guy Faulconbridge; editing by Paul Sandle)

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