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

ReutersMar 31, 2026 8:22 AM

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

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