Unilever to Sell Pasta Sauce Business, Ragu

According to Bloomberg, Unilever UL is seeking bidders for its Ragu past sauce business, 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 in United States dollars. Unilever additionally sells a number of other notable products, such as Dove soap,, Lipton tea and Ben and Jerry's ice cream. Most recently, Unilever disposed its remarkable salad dressings company, Wish-Bone, Skippy peanut butter and Peperami meat snacks. Shares of the consumer good company are down two percent or $0.81 per share to an estimated $40.22 per share.