Market Chatter: Unilever Shareholders to Get Majority Stake in Food Business Deal

MT Newswires Live

03/28

Unilever's (UL) food business potentially combining with McCormick (MKC) would offer Unilever shareholders a majority stake in the new entity and tax benefits, Reuters reported Friday, citing two people familiar with the matter.

The proposed deal would involve Unilever spinning off its food business before selling it to McCormick, the report said.

The companies last week confirmed that talks are being held, with Unilever saying in a filing that it received an "inbound offer" for its food business.

Unilever and McCormick did not immediately respond to MT Newswires' request for comment.

(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

Price: 59.80, Change: -0.02, Percent Change: -0.03

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