McCormick Is Acquiring Unilever's Food Business for $45 Billion. Will This Send the Spice Giant's Stock Soaring? [Yahoo! Finance]
Unilever PLC American Depositary Shares (each representing One Ordinary Share) (UL)
US:NYSE Investor Relations:
unilever.com/investor-relations
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Source: Yahoo! Finance
McCormick (NYSE: MKC) , which is best known for its spices but also owns a wide range of condiments including Frank's RedHot and Cholula hot sauces, as well as French's mustard, is pairing up with Unilever's (NYSE: (NYSE: UL) foods division, which is driven by Hellmann's and Knorr, which makes seasoning, soups, and bouillon cubes. Will AI create the world's first trillionaire? Our team just released a report on the one little-known company, called an "Indispensable Monopoly" providing the critical technology Nvidia and Intel both need. Continue » McCormick shareholders will own 35% of the new company, while Unilever shareholders will own 35%, and Unilever, the company, will get 9%. Unilever Foods is being valued at an enterprise value of $44.8 billion, or 13.8 times 2025 adjusted EBITDA. That same multiple gave McCormick an enterprise value of $21 billion. Investors balked at the news as the stock tumbled shortly after it broke, and McCormick closed Tuesday's session down 6.1%.
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News
- Unilever (UL) was upgraded by DZ Bank AG from "hold" to "strong-buy".MarketBeat
- McCormick CEO on Unilever food deal: We're here to compete on flavor [Yahoo! Finance]Yahoo! Finance
- McCormick CEO on Unilever food deal: We're here to compete on flavor [Yahoo! Finance Canada]Yahoo! Finance Canada
- McCormick CEO on Unilever Food merger: We're focused on 'flavor' [Yahoo! Finance]Yahoo! Finance
- McCormick CEO on Unilever Food merger: We're focused on 'flavor' [Yahoo! Finance Canada]Yahoo! Finance Canada
UL
Sec Filings
- 4/10/26 - Form 425
- 4/10/26 - Form 425
- 4/9/26 - Form 425
- UL's page on the SEC website