59.89 -0.01 (-0.02%)
After hours: 4:16PM EDT
|Bid||59.80 x 800|
|Ask||59.91 x 900|
|Day's range||59.31 - 59.98|
|52-week range||44.06 - 62.94|
|Beta (5Y monthly)||0.33|
|PE ratio (TTM)||23.70|
|Forward dividend & yield||1.88 (3.08%)|
|Ex-dividend date||06 Aug 2020|
|1y target est||N/A|
Unilever NV shareholders approved plans to end the Anglo-Dutch company's dual-headed corporate structure and form a London-based entity, which it says will make dealmaking simpler. Unilever wants to unify on Nov. 22, ending 90 years as a hybrid since Britain's soap-making Lever Brothers merged with Margarine Unie in the Netherlands. To go ahead the plan must also be approved by investors in Britain's Unilever Plc, who are due to vote on Oct. 12.
Alan Jope, the chief executive of Unilever <ULVR.L> <UNc.AS>, said on Monday the company would press on with plans to unify despite a Dutch opposition party proposal calling for an "exit tax" on the firm if it moves to a single British parent company and headquarters as planned. At a meeting at which holders of the company's Dutch shares are expected to approve unification, Jope repeated the tax proposal is at an early stage and Unilever believes it would violate international law. Unilever says the tax could cost it up to 11 billion euros and would be a reason to stop the unification.
Shareholders of Unilever NV <UNA.AS> in the Netherlands are expected to back plans to unify the consumer goods giant under a single parent company based in London and end 90 years as an Anglo-Dutch hybrid. The result of an online vote will be released on Monday during an extraordinary shareholders' meeting streamed online due to the coronavirus, with investors in British Unilever Plc <ULVR.L> due to vote on Oct. 12. If approved by both sides, Unilever hopes to unify on Nov. 22.