Unilever shares up on private equity interest talk
Shares in food and household products giant Unilever rose 3 percent on Friday as speculation circulated that it may be attracting interest from private equity firms, dealers said.
By 8:15 a.m. Unilever shares were up 44 pence at 15.28 pounds, the top FTSE 100 performer and lifting its market value to almost 20 billion pounds.
Unilever's five year credit default swaps widened 10 basis points to a 29.5 basis point mid price, a credit trader said. The price means it costs 29,500 euros a year to insure 10 million euros of the company's debt against a default.
Unilever was not immediately available to comment.
The Independent newspaper said in its market report that rumours of private equity interest returned, but did not name any predators.
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