Unilever said on Tuesday it was in advanced talks with spice maker McCormick about a potential combination of its foods business in a deal that would include an upfront cash component of about $15.7 billion, with the majority of the consideration in McCormick equity.
If completed, the transaction would be structured as a so-called Reverse Morris Trust, which offers tax benefits. Unilever would spin off the division and then merge it with the Cholula hot sauce owner. It is expected that Unilever shareholders … [410 chars]
Source: Reuters | Published: 2026-03-31T06:08:16Z
Credit: Reuters
