The offer appears to be unwelcome, although no formal response has yet been forthcoming. Just eight months ago, Bestfoods withdrew from merger discussions with H J Heinz which, if successful, would have created the second largest food company in the US after Kraft Foods. Instead, it is said to prefer a merger of equals, for example with Campbell Soups.
If rebuffed, Unilever is thought unlikely to launch a hostile bid.
Wall Street Journal