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Unilever Nears Deal to Create $60 Billion Food Giant with McCormick

Unilever is reportedly nearing a deal to create a $60 billion food giant through a merger with McCormick, following advanced talks between the two companies.

30 Mar, 23:13 — 31 Mar, 12:16
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The Story

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15 sources33/33
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Left (2)
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Right (5)
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Sources

Showing 11 of 15 sources
ReutersVery High6h ago

Unilever, McCormick near deal to create $60 billion food business - Reuters

Unilever, McCormick near deal to create $60 billion food business  Reuters

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wsjHigh7h ago

Unilever Nears Deal to Create $60 Billion Food Giant With McCormick - WSJ

Unilever Nears Deal to Create $60 Billion Food Giant With McCormick  WSJ

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FTVery High14h ago

Unilever nears deal to combine food division with spice maker McCormick

Move will transform Hellmann’s mayonnaise maker from multi-category conglomerate into beauty and personal care company

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The GuardianMostly Factual3h ago

Marmite maker Unilever nears deal to combine food arm with US condiment giant

Spinning off brands such as Hellmann’s, Knorr and Pot Noodle into $60bn entity puts core focus on beauty, personal care and home products Business live – latest updates Unilever is in advanced talks to combine its food business with US-based McCormick in a deal including $15.7bn (£11.9bn) cash that would give the Marmite-to-Hellmann’s mayonnaise owner majority control of a $60bn food empire. London-listed Unilever will control 65% of the new spin-off, which will combine brands such as Knorr...

By Mark Sweney

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cnbcMostly Factual1h ago

McCormick buys Unilever's food business in deal that values it at nearly $45 billion

McCormick will pay a combination of cash and equity to expand further into condiments and spreads.

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marketwatchMostly Factual1h ago

McCormick looks to merge with Unilever’s food business, but there’s no mention in earnings report

McCormick’s stock surges amid talks to combine with Unilever’s foods business, but there’s no mention of the deal in the earnings report.

By Tomi Kilgore

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The IndependentMostly Factual6h ago

Unilever nearing deal worth £11.9bn to merge food unit with US rival McCormick

A deal is likely to involve merging Unilever’s food business with McCormick for about 15.7 billion dollars (£11.9 billion) of cash upfront.

By Anna Wise

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YahooMostly Factual1h ago

McCormick and Unilever's foods business just announced a spicy merger

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seeking-alphaMixed6h ago

Unilever, McCormick near merger to create global food giant

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zerohedgeLow2h ago

Unilever In "Advanced Discussions" To Sell Food Unit To Old Bay Maker

Unilever In "Advanced Discussions" To Sell Food Unit To Old Bay Maker Unilever Plc confirmed it is "now in advanced discussions" with Maryland-based spice maker McCormick & Company to sell its food business unit in a $15.7 billion transaction and said a final deal could be announced as soon as today.  "The Company is now in advanced discussions with McCormick & Company ("McCormick") regarding a potential transaction," the Anglo-Dutch consumer goods company wrote in a press relea...

By Tyler Durden

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nl-timesMostly Factual4h ago

Unilever nearing deal to merge food business with spice maker McCormick

In response to media speculation, Unilever released a statement on Tu

By 87727

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Coverage Timeline

First report: FT · 30 Mar, 23:13Full coverage: 15 · 13hWindow: 13h
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