Unilever to buy Bestfoods

Food manufacturer Unilever this week agreed to buy US-based Bestfoods for $20.3bn (£13.5bn) in the biggest food industry takeover of the past 10 years. The deal is expected to lead to widespread restructuring at the UK/Netherlands group, which has already decided to cut hundreds of brands from its product range.

Food manufacturer Unilever this week agreed to buy US-based Bestfoods for $20.3bn (£13.5bn) in the biggest food industry takeover of the past 10 years. The deal is expected to lead to widespread restructuring at the UK/Netherlands group, which has already decided to cut hundreds of brands from its product range.