Unilever and Kraft Heinz ended merger talks that would have combined Unilever's food division with Kraft Heinz's condiments business — potentially uniting Hellmann's and Heinz in a multi-billion dollar entity. Unilever is now weighing a broader food assets spinoff, sending shares down 3.5%, while Kraft Heinz pivots to a $600M turnaround under new CEO Steve Cahillane.
