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Unilever plc traded at $48.97 during the course of the session, marking its yearly high level. It appears that the 11.41 million shares traded during the last session was higher, compared to the average volume of 3.54 million shares.       

The stock opened at $46.24 and settled at $46.93, or 4.59% at the close of trade, with a total market capitalization of $130.57 billion.

Meanwhile, the stock posted a weekly upbeat performance of 12.62% and was able to sustain that level by 11.84% for the month. The company also noted a quarterly positive performance of 22.02%, while for the year, it posted a 12.59 percentage basis points and a 16.27% for the YTD performance.

The share price volatility for the last month remained steady at 2.93% with an earlier reading of 1.23% for the week. The stock price significantly rallied from its 20-day moving average of 11.91% and from its 50-day moving average of 14.44%.  

Official Review

The Anglo-Dutch company said Kraft Heinz’s anticipated $143 billion (£115bn) proposal has emphasized the need to "capture more quickly" the value of the consumer goods firm.  

According to the company, the completion of the review is expected to disclose by early April.

"Unilever is conducting a comprehensive review of options available to accelerate delivery of value for the benefit of our shareholders", it said.

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"The events of the last week have highlighted the need to capture more quickly the value we see in Unilever".

Unilever stocks edged higher, following news of the review, which traded higher by 3% in the London Stock Exchange.

It came after the two firms have both issued a joint statement on Sunday, in which Kraft Heinz reportedly said that it had "amicably agreed'' to withdraw its proposal.

Unilever therefore issued a strongly-worded rebuttal on Friday after the Chicago-based company had set an offer, marking an 185 premium on the Anglo-Dutch company’s closing share price on February 16.

Analysts claimed that the if the deal become successful, then it would be the biggest acquisition of a British company on record.

The acquisition was expected to  meet political opposition, in which Theresa May said that the deal should have been reviewed first by officials before issuing a withdrawal. Hence, Mrs. May pledged last year to plan a "proper industrial strategy'' in order to back UK firms from being acquired by foreign companies.

The chart below illustrates the Unilever plc stock’s movement after the takeover bid failure review. The stock is currently trading at $44.445 in a light trading volume of 2888 near resistance 45.011.

Further, the stock price RSI stood at 70.1942, suggesting that the overbought level was already reached.

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Conclusion

Given the takeover bid review of acquisition between Unilever plc and Kraft Heinz, it is expected that the stock price could drop as the RSI suggests that the overbought level has already been reached.

Moreover, the takeover bid review failure could disappoint investors.

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