Unilever's Grocery Deal with McCormick Draws Sour Reaction from Investors [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
Anglo-Dutch multinational Unilever agreed Tuesday to combine its food division with spice maker McCormick. The cash-and-stock deal would create a company with roughly $20 billion in annual revenue and a pantry's worth of brands, including French's mustard, Hellmann's mayonnaise, Old Bay seasoning and Knorr soup mixes. Investors are not biting. Shares in Unilever fell 7.3% in London, and McCormick sank 6.3% in New York, erasing billions in market value. Here's why investors were left with a bad taste in their mouths. Sign up for The Daily Upside at no cost for premium analysis on all your favorite stocks. READ ALSO: JPMorgan Puts Together a Bailout for the American Dream and Rivian's E-Bike Spinoff Scores Billion-Dollar Valuation End of an Era There's been a lot for big food conglomerates to digest lately. Less affluent customers have curbed spending and switched to store brands after years of inflationary price hikes turned grocery shopping into a ritual slap in the face fo
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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