Brief: Unilever Expects EUR 400-500 Million Of Stranded Costs From Separating Unilever Foods Business
31/03/2026 13:07
March 31 (Reuters) - Unilever: UNILEVER PLC MCCORMICK & CO, INC. - UNILEVER FOODS AND MCCORMICK AGREEMENT UNILEVER: EXPECTS EUR 400-500 MILLION OF STRANDED COSTS FROM SEPARATING UNILEVER FOODS BUSINESS UNILEVER - MCCORMICK TO PAY UNILEVER $420 MILLION TERMINATION FEE UNDER SPECIFIED CONDITIONS IF DEAL TERMINATED UNILEVER: SEES ONE-OFF RESTRUCTURING COSTS OF EUR 500 MILLION, INCURRED OVER 2027 TO 2029 UNILEVER: NO REVENUE DIS-SYNERGIES ARE EXPECTED FROM SEPARATION OF UNILEVER FOODS BUSINESS UNILEVER - ON DEAL CLOSE, CO TO APPOINT FOUR OF TWELVE OF COMBINED COMPANY BOARD MEMBERS UNILEVER - MCCORMICK WILL MAINTAIN ITS NYSE LISTING AND IS PLANNING A SECONDARY LISTING IN EUROPE Source text: ID:nRSe8876Ya Further company coverage: ULVR.L ((Reuters.Briefs@thomsonreuters.com;))