Deals Rumor Mill: Unilever, Banorte, Trimco International

By Benjamin Horney (December 5, 2017, 5:37 PM EST) -- Platinum Equity is planning to make an offer to buy part of the multibillion-dollar margarine and spreads unit of European consumer goods giant Unilever, according to a Tuesday report from Reuters. The Los Angeles-based investment firm only wants to acquire the part of the business that serves developed markets like the U.S. and Europe, the report said. The unit in its entirety also covers emerging markets. Morgan Stanley and Goldman Sachs Group Inc., which are assisting Unilever with the planned divestiture, have asked for final bids by Dec. 11, with hopes of inking an agreement before the new year. Most of those still in the running intend to buy the margarine and spreads business in its entirety, the report noted. Reports last week said that Apollo Global Management LLC, KKR & Co. LP and CVC Capital Partners were still vying for the business, which could be worth $7 billion or more in total....

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