Unilever, McCormick Come Together To Create $65 Bn Food Giant
Unilever and its shareholders will have a 65 per cent stake in the combined company, with Unilever also receiving USD 15.7 billion in cash
Unilever and its shareholders will have a 65 per cent stake in the combined company, with Unilever also receiving USD 15.7 billion in cash
The company says that it is currently contemplated that it would involve a combination of Unilever Foods (excluding parts of its foods portfolio such as its business in India) with McCormick
The report notes that the company is looking at streamlining its portfolio, as it seeks growth from beauty, personal care and wellbeing brands