Unilever in Talks to Sell Food Arm to McCormick as It Repositions to Beauty
TL;DR
Unilever is negotiating a multibillion-dollar sale of its food division to McCormick, including Marmite, Hellmann’s, Knorr and Pot Noodle, as it pivots toward beauty and personal care; the deal could use a Reverse Morris Trust and be funded with stock and cash, with Unilever possibly taking a minority stake, but there is no certainty a deal will close.
Topics:top-newsbusiness#beauty-and-personal-care#business#food-and-beverage#mccormick-and-co#mergers-and-acquisitions#unilever
- Unilever in talks to sell food division to spice and sauce maker McCormick Financial Times
- Unilever in Talks to Separate Food Business and Combine It With McCormick WSJ
- Marmite maker Unilever in talks to merge food business with US-based McCormick The Guardian
- Response to media speculation Unilever
- Unilever Confirms Talks on McCormick Offer for Food Business Bloomberg.com
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