PRESS DIGEST- New York Times business news - May 25
May 25 The following are the top stories on the New York Times business pages. Reuters has not verified these stories and does not vouch for their accuracy.
LONDON, April 6 Unilever said on Thursday it will exit its shrinking spreads business, increase its margin targets, raise its dividend and review its dual-headed legal structure, as it aims to prove it can deliver near-term growth on its own, following its swift rejection in February of a takeover proposal by Kraft Heinz.
The pledges are the result of a business review at the Anglo Dutch consumer goods maker undertaken following the unsolicited $143 billion bid by the U.S. rival, which Unilever bluntly rejected.
Unilever, one of Europe's biggest blue-chip stocks, called the episode a "trigger moment" to assess its business, as the global packaged goods industry faces slowing growth and greater competition. (Reporting by Martinne Geller; Editing by Greg Mahlich)
May 25 The following are the top stories in the Wall Street Journal. Reuters has not verified these stories and does not vouch for their accuracy.