McCormick jumps as Unilever moves toward $60 billion food-business combination

McCormick &

31/03/2026 09:22

** Shares of McCormick MKC.N were up ~4% in premarket trading

** Unilever ULVR.L said it was in advanced talks to combine its food business with the U.S. spice maker in a deal that would deliver $15.7 billion in cash

** The potential tie‑up would be structured as a Reverse Morris Trust, giving Unilever shareholders roughly 65% control of the merged entity

** Unilever said talks remain ongoing and there is no certainty a deal will be finalized

** MKC is set to report first-quarter earnings before the market opens on Tuesday

(Reporting by Rashika Singh in Bengaluru)

((Rashika.Singh@thomsonreuters.com;))