Bloomberg News

Unilever Says Two Preference-Shareholders Rejected Buyback Offer

October 19, 2011

Oct. 19 (Bloomberg) -- Unilever declared its buyback offer for its 6 percent and 7 percent preference shares unconditional and said two major holders didn’t tender their stakes.

Aegon NV accepted the offer, while “the two other major’” institutional holders elected not to tender their stock, Unilever said in an e-mailed statement today.

ING Groep NV and ASR Nederland NV plan to reject Unilever’s offer to buy back preference shares as they seek to get more money, Dutch newspaper De Telegraaf said Oct. 17.

To contact the reporter on this story: Martijn van der Starre in Amsterdam at vanderstarre@bloomberg.net

To contact the editor responsible for this story: Maud van Gaal at mvangaal@bloomberg.net


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