Marmite maker Unilever agrees $44.8bn deal to combine food arm with McCormick
The Guardian – World —
Core focus will be on beauty, personal care and home products after spinning off brands such as Hellmann’s and Pot NoodleBusiness live – latest updatesUnilever has agreed to combine its food business with US-based McCormick in a $44.8bn deal that will give the Marmite-to-Hellmann’s mayonnaise owner majority control of a food empire.Under the agreement, McCormick will pay London-listed Unilever $15.7bn in cash and the equivalent of $29.1bn in shares for most of the Anglo-Dutch company’s food arm. Continue reading...