>> It was once a households staple, but with declining sales in these margarine business, Unilever is selling it and spreading its sales elsewhere. Among the changes, a 5.3 billion share buyback and increased dividends by 12% this year to satisfy investors with higher returns. That's because the Anglo-Dutch firm recently rejected a rival takeover, the offer by US food giant Kraft-Heinz worth a $143 billion.
Reuters' Martinne Geller says investors appear to be happy about Thursday's news.>> Basically, after the Kraft-Heinz bid, the shares stayed at that higher level, which means that investors were expecting Unilever to come out with something dramatic. This is shareholders that we've spoken to say that this is dramatic but not too dramatic.
It is all the things that they should be doing anyway. And so it is in line with, it's basically in line with expectations and in line with the kind of things that a high performing company should be doing. So so far, it seems like, in the near term, investors are satisfied.
What remains to be seen in the future is whether or not, it'll be enough to keep Kraft away. They could come back again in six months or somebody else.>> The company is also dropping its dual structure in Britain and the Netherlands and combining them into one. Ahead of the announcement, its London-listed shares hit a record high.
They added another half percent after that.