Unilever-McCormick deal 'not compelling value' but 'makes sense', say investment banks [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
Unilever PLC (LSE:ULVR) shares continued to fall on Wednesday as analysts appeared to be split on the longer-term value of its deal to spin off its foods arm into merger with McCormick & Co Inc (NYSE:MKC) Both stocks dropped 7% on Tuesday as investors questioned value creation and the complex structure, with the FTSE 100 group falling another 2.25% to 4,104p the day after. JPMorgan said the transaction marks a “milestone transformation” and “makes strong sense” strategically to becoming a focused home and personal care (HPC) company, though observed that European investors seemed to be concerned about owning a US-listed food entity with relatively high leverage and more than €6 billion of tax and cash costs. "From a strategic standpoint, both deals make strong sense in terms of category and geography complementarity for NewFoodCo while allowing Unilever to accelerate its repositioning in higher growth and higher value-add categories." Updating its numbers, the US bank said "t
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UL
Sec Filings
- 4/1/26 - Form 6-K
- 4/1/26 - Form 425
- 4/1/26 - Form 425
- UL's page on the SEC website