Unilever (LSE:ULVR) Sells Welly On A Debate Over Whether The Shares Are Fully Valued

Unilever (LSE:ULVR) has agreed to sell its Welly first-aid brand to private-equity firm Forward Consumer Partners. This move fits with management’s ongoing effort to simplify and refocus the wider product portfolio. Unilever’s share price has gained 7.72% over the past 90 days and 6.13% over the last month, with the recent Welly sale and earlier agreement to merge its food segment with McCormick arriving alongside a flatter year to date share price return of 1.70% and a 5 year total...