Unilever in talks to combine food business with McCormick, WSJ reports

Unilever is reportedly in talks to separate its food business and merge it with spice-maker McCormick in an all-stock deal that could be announced within weeks, according to the Wall Street Journal. The transaction would materially reshape Unilever’s portfolio and create a larger global foods-and-flavors group, with potential valuation, regulatory and integration implications for both companies.

Analysis

Unilever is reportedly in talks to separate its food business and merge it with spice-maker McCormick in an all-stock deal that could be announced within weeks, according to the Wall Street Journal. The transaction would materially reshape Unilever’s portfolio and create a larger global foods-and-flavors group, with potential valuation, regulatory and integration implications for both companies.