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Stock impact report

Jim Cramer on McCormick & Company: “Stock Just Doesn't Entice” [Yahoo! Finance]

Unilever PLC American Depositary Shares (each representing One Ordinary Share) (UL) 
US:NYSE Investor Relations: unilever.com/investor-relations
Company Research Source: Yahoo! Finance
discussed the company's deal with Unilever during the episode, as he commented: Sometimes, a group is just so hated that it doesn't matter what any of its members do. You know the stocks are going lower. Today, McCormick, the flavor company as they call it, made a bold move, merging with Unilever's food business, including Hellmann's mayonnaise, Colman's mustard, Knorr soups, in what's known as a Reverse Morris Trust transaction. Unilever and its shareholders will own nearly two-thirds of the company going forward, but it'll keep the McCormick name and its New York Stock Exchange listing. McCormick runs the show going forward. I like that management team. Deal should be additive to McCormick's earnings in the first year. Huge cost savings, terrific synergies, and the market hated it, with the stock plunging 6%… What's going on here, really? First, I have to tell you that these kinds of properties don't come up often enough, and you'd be nuts not to buy them if you're another major Show less Read more
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