In what would have been the second largest M&A deal in history, Unilever has rejected a $143bn takeover approach from Kraft Heinz as Paul, Weiss, Rifkind, Wharton & Garrison and Linklaters take opposite sides.
Unilever, the company behind brands such as Dove and Ben & Jerry’s, said it had rejected the deal last Friday (17 February) and over the weekend Kraft said it would drop its pursuit for the consumer goods company.
