McCormick buying Unilever food business $45 billion 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
Unilever's foods business, in a deal that implies an enterprise value of approximately $44.8 billion for the Unilever unit. Under the terms of the agreement, Unilever and its shareholders will receive stock equating to 65% of the fully diluted combined company's equity, valued at $29.1 billion based on McCormick's one-month volume-weighted average stock price. Unilever will also receive $15.7 billion in cash. Upon closing, Unilever shareholders are expected to own 55.1% of the combined company, McCormick shareholders 35%, and Unilever itself 9.9%. The combined company would have approximately $20 billion in fiscal year 2025 revenue. Unilever Foods' portfolio is led by Knorr and Hellmann's, which together account for roughly 70% of the unit's sales. McCormick's existing brands include French's, Frank's RedHot, Cholula, OLD BAY, and Lawry's. McCormick will fund the $15.7 billion cash payment through a combination of cash on hand and new debt. The company has received committed bri
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News
- Unilever PLC (UL) Shareholder/Analyst Call Transcript [Seeking Alpha]Seeking Alpha
- McCormick set to buy Unilever Foods, adding Hellmann's, Knorr and more to portfolio [Yahoo! Finance]Yahoo! Finance
- Unilever Combines Food Business With McCormick in $44.8 Billion Deal [Yahoo! Finance]Yahoo! Finance
- In a $45 Billion Deal, McCormick Is Buying Unilever's Food Business. Is This a Good Strategic Move for the Spice Giant? [Yahoo! Finance]Yahoo! Finance
- A complicated exit: RBC wary of Unilever's food reshuffle [Yahoo! Finance]Yahoo! Finance
UL
Sec Filings
- 3/31/26 - Form 425
- 3/31/26 - Form 425
- 3/31/26 - Form 425
- UL's page on the SEC website