Starbucks and Unilever Strike a $384 Million Deal
Some people are willing to pay a fancy price for their favorite cup of tea. Global consumer-goods conglomerate Unilever (NYSE: UL) is taking that to an extreme: Last week it agreed to plonk down $384 million to acquire Starbucks' (NASDAQ: SBUX) Tazo tea brand.
This is one of those happy business deals that should be beneficial for both buyer and seller, in my opinion. Here's why.
Image source: Tazo.
Source: Fool.com
Unilever plc ADR Stock
€48.60
0.410%
Currently there is a rather positive sentiment for Unilever plc ADR with 5 Buy predictions and 3 Sell predictions.
However, we have a potential of -9.47% for Unilever plc ADR as the target price of 44 € is below the current price of 48.6 €.
