It has been clear for some time that Unilever wanted to sell Knorr and Hellmann’s mayonnaise (the majority of the remaining food activities) to the American McCormick. Investors are disappointed with the details. Nelson Peltz, the architect behind the deal, joined Unilever’s Board of Directors on July 20, 2022. That day the price closed at 46.45 euros and that is approximately where the price is now. Did Peltz achieve nothing during that time?
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