Colgate Eyes Unilever''s Personal Care

Unilever or at least a part of it is up for grabs and Colgate is targeting it, which has become a big buzz in all international markets. Sources say that Unilever may find it more lucrative to sell its units such as personal care where it is not the largest player. This could unlock maximum value. Though the going price for Unilever as a whole in the deal street is 18 pounds against the 16 pounds where the stock ended on Thursday.

Unilever''s dual structures currently being streamlined, is a reason for heavy costs. But this merger buzz surely foamed up the stock back home. Hindustan Unilever rose three per cent in the session. However, keeping aside these takeover talks, brokerages are turning negative on Hindustan Unilever. In India, Morgan Stanley on Thursday cut its forecast on HUL on concern that rising costs will limit increases in profit margins.