Kraft Heinz has withdrawn its USD 143 bn offer for Unilever just two days after it confirmed it was interested in the transaction. Kraft Heinz’s board — which includes Warren Buffett among its members — voted to walk away as the “alternative would have been to pursue a public and possibly costly fight against Unilever, a bulwark of British and Dutch business” after Unilever made it clear it was not interested in talks, the New York Times notes.

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