Unilever shares fall on food business merger deal with McCormick

ReutersMar 31, 2026 1:16 PM

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%

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