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-0.000178906878969461 0.000268360318454255 -0.00071562751587797 -0.00277305662402721 0.00134180159227127 0.00295196350299667 0.0062617407639324 0.00438321853475261
Stock impact report

Marmite sold to the Americans in £50bn deal [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
Marmite will fall into American hands after its owner agreed to a $66bn (£50bn) deal with a US food giant. The brand, known for its love-it-or-hate-it slogan, is one of several supermarket staples being sold by Unilever to Baltimore-based spice and sauce maker McCormick. Also included in the deal are Hellmann's mayonnaise, Knorr stock cubes, Bovril, Colman's mustard and Pot Noodle. These will also be combined with McCormick, which currently owns French's mustard and Schwartz herbs. Fernando Fernández, the boss of Unilever, said the deal would create a “global flavour powerhouse”. Marmite was founded in Burton-on-Trent in 1902, utilising leftover yeast from a local brewery, while Colman's started in Norwich in 1814 and is still made from mustard seeds grown in the area. The combined company will be 65pc-owned by Unilever but will operate under McCormick's name and leadership, with its headquarters in the US. The new company will also be listed in New York. The sale leaves Show less Read more
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