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Kraft Heinz yanks $143B Unilever bid

Posted online February 20, 2017 | 12:40 pm

Kraft Heinz has withdrawn its $143 billion takeover offer for rival Unilever.

Unilever shares slipped 6.5 percent on Monday to 41.91 euros in Amsterdam, one of the places they’re listed. They’d jumped 14 percent on Friday.

Analysts still say Kraft Heinz is in the market for acquisitions.

Read more from CBS News.

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