Unilever Putting Ragu On The Open Market
Unilever (NYSE: UL) is seeking bidders for its Ragu pasta sauce business, Bloomberg has reported. Unilever is currently the world's second largest consumer products maker, and has hired Morgan Stanley to sell the unit.
Ragu is reportedly estimated to sell as much as $2 billion.
Unilever additionally sells a number of other notable products, such as Dove soap, Lipton tea and Ben & Jerry's ice cream. The company recently disposed its Wish-Bone salad dressing, Skippy peanut butter and Peperami meat snacks.
Shares of the consumer good company are down two percent, or $0.81, to an estimated $40.22 per share.
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