Bids for Bestfoods

- Last updated on GMT

Related tags: Anglo-dutch consumer products, Mexico, Goldman sachs, Unilever

Unilever, the Anglo-Dutch consumer products giant, is understood to
have received three bids of $1.4bn-$1.6bn on Monday for the US
bakery business it...

Unilever, the Anglo-Dutch consumer products giant, is understood to have received three bids of $1.4bn-$1.6bn on Monday for the US bakery business it acquired in last year's $21.3bn takeover of Bestfoods, the Financial Times writes. Final bids are believed to have been submitted by US group Sara Lee; Bimbo de Mexico, the world's third-largest commercial baker; and Earthgrains, the US bakery group. Unilever is expected to select a bidder within the next few days. Unilever, which appointed Goldman Sachs to sell the business, is likely to welcome a rapid sale at any price over $1.4bn, analysts said last week.

Related topics: Market Trends

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