Unilever and McCormick agree to food business deal

Core Viewpoint - Unilever has agreed to separate its food unit, which includes brands like Knorr and Hellmann's, and merge it with McCormick in a deal valued at approximately $44.8 billion [1]. Group 1: Company Details - The merger involves Unilever's food business being combined with McCormick, a spice maker, in a cash-and-stock transaction [1]. - The valuation of Unilever's food business in this deal is around $44.8 billion [1].