Unilever Ltd.
Unilever is close to finalising a deal to combine parts of its food business with McCormick & Company, creating a new entity valued at around $60 billion, according to a report by The Wall Street Journal.
The proposed transaction is expected to be structured as a cash-and-stock deal, with Unilever shareholders likely to own roughly two-thirds of the combined food business, the report said.
The deal could be announced as early as Tuesday and is set to include a cash component of approximately $16 billion, according to sources cited by the newspaper.
If completed, the move would mark a significant consolidation in the global food industry, bringing together two major players in packaged foods and seasonings.
Inputs from agencies
The proposed transaction is expected to be structured as a cash-and-stock deal, with Unilever shareholders likely to own roughly two-thirds of the combined food business, the report said.
The deal could be announced as early as Tuesday and is set to include a cash component of approximately $16 billion, according to sources cited by the newspaper.
If completed, the move would mark a significant consolidation in the global food industry, bringing together two major players in packaged foods and seasonings.
Inputs from agencies
