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Unilever Closes Public Offer For HUL Shares

July 4, 2013: 12:00 AM EST
Unilever PLC announced the closure of its public offer to increase its stake in Hindustan Unilever Limited on July 4, 2013. During the offer period, HUL shareholders tendered 319,699,278 shares with total value of about 191.8 billion Indian rupees or €2.45 billion. Based on the volume of shares tendered, which represent about 14.8 percent of HUL, Unilever would increase its stake from 52.48 percent to 67.28 percent. Payment for tendered shares will be completed by July 18, 2013, when Unilever will assume full ownership of the shares tendered and accepted during the open offer, which was first announced on April 30, 2013.
"Unilever PLC announces closing of open offer to increase its stake in Hindustan Unilever", Unilever, July 04, 2013, © Unilever
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