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Unilever Food Arm to Join McCormick in $44.8 Billion Deal
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-Diana Gomes, Bloomberg Intelligence Senior Equity Analyst, discusses Unilever agreeing to combine its food business with McCormick & Co. in a $44.8 billion deal that will create a global seasonings, sauces and condiments company. Under the agreement, McCormick will pay $15.7 billion in cash and the equivalent of $29.1 billion in shares for most of Unilever’s food business, leaving Unilever with 65% of the combined entity.
-Sam Fazeli, Bloomberg…
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