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This Is Why Kraft Heinz Wants to Join Forces With Unilever

Unilever rejected a $143 billion takeover offer from Kraft Heinz, saying the deal "fundamentally undervalues" the company.
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Unilever (UL) - Get Unilever PLC Sponsored ADR Report rejected a $143 billion takeover offer from Kraft Heinz (KHC) - Get Kraft Heinz Company (KHC) Report , saying the deal "fundamentally undervalues" the company. "Unilever rejected the proposal as it sees no merit, either financial or strategic, for Unilever's shareholders. Unilever does not see the basis for any further discussions," the company said.  TheStreet's Scott Gamm speaks with Brian Sozzi on why Kraft Heinz wants to link up with Unilever.

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