Kraft Heinz is attempting to buy Unilever in a $143 billion deal that
would join the U.S. maker of cheeses and lunch meats with the European
producer of mayo, teas and seasonings in a global powerhouse.
Unilever rejected the approach and called the price too low, while Kraft Heinz says it's still interested in a deal. The shares of both companies surged to new highs as investors saw prospects for cost cutting.