McCormick, rival agree to combine into $65B company

McCormick announced a deal described as its largest-ever transaction, 'by a wide margin'; the preview did not disclose deal terms or value. This is a material corporate development that could materially affect McCormick's scale and competitive position and is likely to move the stock and sector once terms and financing are revealed.

Analysis

McCormick announced a deal described as its largest-ever transaction, 'by a wide margin'; the preview did not disclose deal terms or value. This is a material corporate development that could materially affect McCormick's scale and competitive position and is likely to move the stock and sector once terms and financing are revealed.