Unilever said on Tuesday it will merge its food business with spice maker McCormick in what would be the second-largest food transaction in history, creating a company worth roughly $65 billion.
The transaction marks the end of an era for Unilever, whose origins in the food business date back to a butter business from 1860.
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Unilever will retain a 9.9% stake in the combined business though the company plans to sell it down one … [4201 chars]
Source: Reuters | Published: 2026-03-31T12:56:25Z
Credit: Reuters
