Brief: Unilever Says Possible McCormick Deal Includes $15.7 Billion Upfront Cash
31/03/2026 07:03
March 31 (Reuters) - Unilever PLC ULVR.L: UNILEVER PLC - RESPONSE TO MEDIA SPECULATION UNILEVER: NOW IN ADVANCED DISCUSSIONS WITH MCCORMICK & COMPANY UNILEVER - POTENTIAL DEAL INVOLVES $15.7 BILLION UPFRONT CASH, MAJORITY CONSIDERATION IN MCCORMICK EQUITY UNILEVER - AGREEMENT COULD BE CONCLUDED TODAY, NO CERTAINTY DEAL WILL BE AGREED UNILEVER: WORK REMAINS ONGOING TO AGREE AND FINALISE A TRANSACTION UNILEVER - SHAREHOLDERS EXPECTED TO HOLD 65% OF COMBINED COMPANY UNILEVER - DEAL TO BE UNDERTAKEN BY REVERSE MORRIS TRUST, INTENDED TO BE TAX-FREE Source text: ID:nRSe8156Ya Further company coverage: ULVR.L ((Reuters.Briefs@thomsonreuters.com;))