Due to the U.S. government shutdown, Unilever (UL) is delaying the demerger of its Magnum unit, Reuters reports. The spin-off had been expected to take place next month and the company is still “confident” of launching the demerger later this year.
TipRanks Cyber Monday Sale
- Claim 60% off TipRanks Premium for data-backed insights and research tools you need to invest with confidence.
- Subscribe to TipRanks' Smart Investor Picks and see our data in action through our high-performing model portfolio - now also 60% off
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on UL:
- Unilever’s Strong Market Position and Strategic Focus Drive Buy Rating Despite Challenges
- Unilever’s Strategic Positioning and Market Resilience Justify Buy Rating Amid Growth Opportunities
- Sell Rating for Unilever Amidst Emerging Market Challenges and Underperformance
- Unilever initiated with a Buy at Spin-Off Research
- Algorhythm appoints Khurana as VP of Brand, Communications
