(Bloomberg) -- Unilever's strategic review, which on Thursday led to its announcement of share buybacks, increased dividend and divestment of a business, was hotly anticipated by equity market investors. Since the Anglo-Dutch consumer giant said in February it rejected a bid by Kraft Heinz Co., its Amsterdam shares rallied almost 18 percent through Wednesday, more than double the gains in the Stoxx 600 Personal & Household Goods Index. The shares fell after the announcement.
To contact the reporter on this story: Justina Lee in London at jlee1489@bloomberg.net.
To contact the editors responsible for this story: Celeste Perri at cperri@bloomberg.net, Namitha Jagadeesh
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