Unilever Shares Tumble 8% After Kraft Ditches Bid

London: Shares in Anglo-Dutch consumer goods group Unilever dropped 8 per cent on Monday after US rival Kraft Heinz Co abruptly ditched its surprise $143-billion merger proposal. Backed by legendary investor Warren Buffett and the private equity firm 3G, Kraft had wanted to buy Unilever to build a global consumer goods giant but its offer was flatly rejected on Friday by the maker of Lipton tea and Dove soap. According to people fa...