Unilever shares fall on food business merger deal with McCormick

McCormick &

31/03/2026 14:16

** Shares of Unilever ULVR.L down 4% to 4,346.5p; stock is top loser on FTSE 100 .FTSE

   ** Shares drop to its lowest since April 2024

   ** ULVR to merge its food business with McCormick MKC.N in a deal that will create a company worth roughly $65 billion

   ** Under deal, ULVR to own 9.9% of the combined company equity

  ** YTD, ULVR stock down ~8.23% and MKC down ~21.13%

 (Reporting by Rishab Shaju in Bengaluru)

 ((Rishab.shaju@thomsonreuters.com ; +91 9048142177))