Unilever lost $13 bn in 20 mins after Kraft withdrew deal
Unilever, the maker of Lipton tea and Dove soap, lost as much as $13 billion from its market capitalisation in 20 minutes after Kraft Heinz withdrew its $143 billion takeover approach within two days. Shares of Unilever plunged as much as 8% in trading on Monday. Notably, the deal would've been the third biggest takeover in history.