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Marmite maker Unilever nears deal to combine food arm with US condiment giant
Theguardian.com and 5 more
- Unilever and McCormick plan a $60 billion combined foods empire, creating a leading global flavour powerhouse with brands like Hellmann’s, Knorr, McCormick, Frank’s, Cholula and Maille.
- McCormick will acquire most of Unilever Foods through a Reverse Morris Trust, a structure designed to be tax-free for Unilever and its shareholders.
- Regulatory scrutiny and integration risks are noted as material challenges that could affect value realization and deal execution.
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