Unilever Expects EUR 400-500 Million Of Stranded Costs From Separating Unilever Foods Business

March 31 (Reuters) - Unilever:

• UNILEVER PLC MCCORMICK & CO, INC. - UNILEVER FOODS AND MCCORMICK AGREEMENT

• UNILEVER: EXPECTS EUR 400-500 MILLION OF STRANDED COSTS FROM SEPARATING UNILEVER FOODS BUSINESS

• UNILEVER - MCCORMICK TO PAY UNILEVER $420 MILLION TERMINATION FEE UNDER SPECIFIED CONDITIONS IF DEAL TERMINATED

• UNILEVER: SEES ONE-OFF RESTRUCTURING COSTS OF EUR 500 MILLION, INCURRED OVER 2027 TO 2029

• UNILEVER: NO REVENUE DIS-SYNERGIES ARE EXPECTED FROM SEPARATION OF UNILEVER FOODS BUSINESS

• UNILEVER - ON DEAL CLOSE, CO TO APPOINT FOUR OF TWELVE OF COMBINED COMPANY BOARD MEMBERS

• UNILEVER - MCCORMICK WILL MAINTAIN ITS NYSE LISTING AND IS PLANNING A SECONDARY LISTING IN EUROPE