Spice maker McCormick adds to its extensive stable of brands names with Unilever deal [Los Angeles Times (CA)]
Unilever PLC American Depositary Shares (each representing One Ordinary Share) (UL)
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Source: Los Angeles Times
The combined company will maintain McCormick's name and leadership. But upon closing, Unilever and its shareholders are expected to own 65% of the food company's outstanding equity, amounting $29.1 billion. Unilever would also get $15.7 billion in cash. Meanwhile, McCormick shareholders will own 35.0%. Unilever and McCormick confirmed they were in talks about a deal earlier this month, with Unilever attempting to streamline its business and focus on beauty and personal care products. McCormick and its red-capped array of spices is a $15 billion company and the stable of brands it's adding from Unilever are worth billions more. The companies said on Tuesday that McCormick and Unilever would have a combined revenue of $20 billion for the 2025 fiscal year. The transaction is expected to close by mid-2027, the companies said Tuesday, pending both shareholder and regulatory approval. The deal excludes Unilever's food business in India, Nepal and Portugal. McCormick CEO Brendan Fol
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- 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
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- 3/31/26 - Form 425
- UL's page on the SEC website