Corporate Raiders Are Approaching Hellmann’s And Dove.
Unilever, a brand behind such items as Dove soap, Hellmann's mayonnaise, and Vaseline, is making a major change in New York City.
Unilever (UL) announced Monday that Nelson Peltz, one of the most influential corporate raiders on Wall Street, will join the company's board of directors. Peltz's private investment fund owns a 1.5% stake in Unilever and is known for pushing under-performing companies to restructure, spin-off businesses and even break up. In the past, Peltz has helped force changes at food and consumer giants such as Procter & Gamble (PG), Mondelez (MDLZ) and Wendy's (WEN).
Peltz's plans for Unilever are not yet clear, as the company has lagged behind its competitors in recent years and made three failed bids to acquire GlaxoSmithKline's consumer health care...