McCormick To Merge With Unilever's Select Foods Business In $15.7 Bln Cash, $29.1 Bln Equity Deal

McCormick agreed to combine with Unilever's Foods business (excluding India and other carve-outs); Unilever will receive $15.7 billion in cash. The transaction represents a large strategic M&A move in the consumer goods/food sector and should materially affect the scale and market position of the combined business. Details on deal structure and remaining consideration were not included in the article.

Analysis

McCormick agreed to combine with Unilever's Foods business (excluding India and other carve-outs); Unilever will receive $15.7 billion in cash. The transaction represents a large strategic M&A move in the consumer goods/food sector and should materially affect the scale and market position of the combined business. Details on deal structure and remaining consideration were not included in the article.