The Economic Times

Unilever nears deal to create $60 billion food giant with spice-maker McCormick: Report

Unilever is reportedly nearing a massive $60 billion deal to merge a significant portion of its food business with McCormick & Company. This cash-and-stock transaction, potentially announced soon, would see Unilever shareholders holding about two-thirds of the new entity. The move signals a major consolidation within the global food sector, uniting two prominent names in packaged foods and seasonings.