Unilever (UN) Rebuffs Kraft Heinz’s (KHC) Takeover Offer; Point72 Asset Eyeing Potential in Delek US (DK)

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Unilever N.V. (NYSE:UN) said Friday that it has rejected a cash-and-stock takeover offer made by food and beverage giant Kraft Heinz Co. (Nasdaq:KHC), adding that the approximately $143 billion bid undervalues the company.

According to Unilever, the offer to acquire all of its shares was comprised of $30.23 in cash and 0.222 Kraft Heinz shares.

Shares of Unilever soared to touch a new 52-week high of $49.17 in intraday trading Friday, finally closing at $48.79, up $6.47 (or +15.29%).

Unilever, which operates in the fast-moving consumer goods market worldwide, has 3.02B shares outstanding, market capitalization (intraday) of $147.58B and UN stock one-year range is now from $38.41 to $49.17 per share.

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After the closing-bell Friday, Steven A. Cohen’s Point72 Asset Management, L.P. disclosed in a regulatory filing ( SC 13G ) with the Securities and Exchange Commission (SEC) a 5.1% passive stake (3,142,920 shares) in Delek US Holdings, Inc. (NYSE:DK).

DK stock finished the regular session in positive territory by 0.46% (or +$0.10) at $22.77 with a total volume of 689,196 shares traded.

Delek US Holdings, which operates as an integrated energy company, has 61.95M shares outstanding, market capitalization (intraday) of $1.41B and DK stock 52-week range is between $11.41 and $26.06 per share.

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