The transaction, as noted by Reuters, is a great success for Fernando Fernandez, the current president of Unilever, who took up this position in March 2025.
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Under the agreement, Unilever and its shareholders will receive 65 percent. shares in the newly established company, worth approximately USD 29.1 billion. The British giant will also receive USD 15.7 billion. in cash.
Unilever and McCormick join forces. Stocks react with declines
The total value of Unilever's food business was estimated at $45 billion, and McCormick's at approximately $21 billion.
However, the deal excludes certain assets, including Unilever's operations in India.
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The announced transaction, despite its scale, caused mixed reactions among investors and analysts. Unilever shares fell 3% on the day, hitting their lowest level in a year, while McCormick's shares fell 9%. at the opening of the session on Wall Street.
