However, Unilever - whose brands also include PG Tips and Lipton tea, Persil washing powder and Magnum ice cream - has throughout insisted the move to Rotterdam was "nothing to do with Brexit".
Unilever (LON:ULVR) is dropping its plans to scrap its dual-headed structure and create a single holding company in the Netherlands, the Anglo-Dutch consumer goods giant has said.
Shareholder Ali Miremadi of Swiss asset manager GAM said that sometimes Unilever shareholders had been made to feel their concerns about performance were very near-term, whereas Unilever preferred to focus on the long term.
The company chose to review its dual corporate structure after fending off a £115,000,000,000 takeover bid by USA food giant Kraft Heinz a year ago.
Despite Unilever's efforts to rally support for the plan, investors representing 10% or more of the company's shares outstanding pledged to vote it down, with new names joining the dissidents nearly daily over the last few weeks.
Waldschmidt said the bigger drivers for Unilever's shares were US interest rates and continued difficulties in emerging markets, particularly related to their currencies.
Shareholders representing about 12% of Unilever had publicly opposed the move, concerned about the effective forced selling of their shares with no premium, uncertainty around the future tax treatment of Dutch dividends and a perception that the move was partly aimed at securing greater takeover protection under Dutch law. They were anxious about the effective forced selling of their shares with no premium, uncertainty around the future tax treatment of Dutch dividends and a perception that the move was partly aimed at securing greater takeover protection under Dutch law.
But on Friday Unilever recognised that the proposal had not received support from a significant group of shareholders.
Interpol chief Meng Hongwei under investigation, China says INTERPOL President Meng Hongwei poses during a visit to the headquarters of International Police Organisation in Lyon, France. Meng had been reported missing by his wife after traveling last month from France , where Interpol is based, to China.
The board continues to believe that simplifying our dual-headed structure would, over time, provide opportunities to further accelerate value creation and serve the best long-term interests of Unilever.
'The board will now consider its next steps and will continue to engage with our shareholders.
Unilever was formed in 1929 with the merger of UK's Lever Brothers and the Dutch company Margarine Unie.
Unilever has indicated that there should not be consequences in terms of employment and meant to retain its three multiple listings on Stock exchanges in London, Amsterdam and NY.
Earlier this week, influential proxy advisory firm PIRC recommended shareholders vote against the move.
When the plan was announced it landed a major blow to the United Kingdom government's effort to promote Britain as a centre for business post-Brexit.
Mark Rutte is now putting all his weight into the balance within the coalition government to vote on the removal of the tax on dividends, in order to attract multinationals.
Unions had also come out against Unilever's planned move, arguing that it was vital for the maker of Ben & Jerry's ice cream and other companies to stay in the UK.
Across B.C., the province added 33,300 jobs last month, pushing its unemployment rate down 1.1 percentage points to 4.2 per cent. Around 13,000 jobs were added in finance, insurance, real estate and rental and leasing, mostly in Ontario and Alberta.
The software lock will engage in different circumstances for the 2018 MacBook Pro and the iMac Pro though. The problem isn't just about Apple wanting users to go to it, rather than to a third party, though.
Former Nigerian Vice President Atiku Abubakar attends an interview with Reuters in Abuja, Nigeria May 11, 2018. He said, "Honestly, when we compare Atiku with others, you will see him as somebody who has paid his dues".
Navy ships from 15 nations are scheduled to gather on South Korea's Jeju Island next week - for an worldwide fleet review. The flag also serves to identify the nationality of Japanese naval vessels under worldwide maritime law, he said.
As for compatibility, the new feature is compatible with smartphones and smart speakers which have Google Assistant integrated . The app will ask you to choose from popular ride-hailing service like Ola, Uber, Grab, and Lyft along with a price estimation.
Los Blancos dominated the possession for most of the first half, but they were finding it tough to break down the Alaves defence. Bale, Wales' record goal-scorer, will be keen to face a Spain side likely to contain several of his Real Madrid team-mates.
Six ambulances, three fire companies, and two helicopters were at the accident site, according to the Albany Times Union . It is unclear what caused the crash, but the National Transportation Safety Board sent a team to investigate.
What has Saudi Arabia said about it? Human rights groups are demanding Saudi Arabia clarify Khashoggi's whereabouts. He denounced the repressive tactics of authorities against dissidents, businessmen, activists and clerics.
Sturridge faces a tough time breaking into Klopp's preferred front three of Mohamed Salah , Roberto Firmino and Sadio Mane. Dejan Lovren makes his first start of the season, partnering Virgil van Dijk at the heart of the Liverpool defence.
Kavanaugh was quickly sworn in at the court building, across the street from the Capitol, even as protesters chanted outside. As the Friday morning vote to advance Kavanaugh's nomination unfurled, the mood inside the Senate chamber was tense.
Kavanaugh sworn into Supreme Court after divisive fight
Kavanaugh has vehemently denied all accusations of misconduct, and McConnell said the report was "reassuring". Dickerson also asked her about Kavanaugh's temperament and partisanship, which her Republican colleague Sen.
Brett Kavanaugh sworn in as 114th Supreme Court justice
Throughout the day Saturday, hundreds of protesters - many dressed in black garb - descended on the east steps of the Capitol. The Kavanaugh vote may be a pivotal moment in the November 6 midterm elections, where control of Congress is up for grabs.
Hazard On Target As Blues Go Top
The Spaniard went ahead to seal Chelsea's 3-0 win at stoppage time , as Hazard slid in for Morata to score from close range. It should be noted that Manchester City and Liverpool have a game in hand each to get back to the top of the table.
Donald Trump: Africans Love Melania
Trump met with her counterpart, Kenya's first lady Margaret Kenyatta , and attended a theatre performance. The first lady was greeted by Malawi's first lady, Gertrude Mutharika, when she arrived in the country.
Ex-Pres. Lee Sentenced to 15 Years in Prison
After the elder Park was gunned down by his spy chief, ex-military generals Chun Doo-hwan and Roh Tae-woo ruled successively. Lee, who served as president from 2008-2013, has denied any wrongdoing and says the investigation was politically motivated.
Ronaldo scores for Juventus amid rape allegation
Juventus later posted a video on YouTube and Twitter showing Ronaldo training, with the caption: " Juventus go for goal". Some Juventus fans at the match expressed support for Ronaldo . "Rape is just an excuse".
At least 11 dead in Haiti quake : govt spokesman
Officials reported that people had been injured, but had not confirmed local media reports of deaths. Le Nouvelliste newspaper said one person was killed when an auditorium collapsed in Gros-Morne.