Exclusive | Unilever Nears Deal to Create $60 Billion Food Giant With McCormick

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Unilever is reportedly in advanced talks to merge its food business with spice giant McCormick, potentially creating a new food conglomerate valued at approximately $60 billion, including debt. A cash-and-stock deal could be announced as early as Tuesday, coinciding with McCormick’s quarterly earnings report. The boards of both companies are reviewing the transaction details.

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