Unilever's Bid to Unify Dutch and British Corporate Structures Gets Shareholders Approval1
By Sabela Ojea
Unilever PLC said Monday that it has received the backing of its
shareholders to unify its British and Dutch corporate structures
into a single company, and that it now has all relevant merger
control, foreign investment and regulatory approvals for its
The consumer-goods giant--the maker of Hellmann's mayonnaise and
Dove soap--said 95.99% of the company's shareholders voted in favor
of the cross-border merger at the court meeting.
Shareholders also backed the unification at the company's
general meeting, with 95.49% voting in favor of the resolution,
The company said the unification is expected to become effective
on Nov. 29.
Shares in London at 1543 GMT were up 4.00 pence, or 0.1%, at
Write to Sabela Ojea at firstname.lastname@example.org; @sabelaojeaguix
(END) Dow Jones Newswires
October 12, 2020 12:08 ET (16:08 GMT)
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