Unilever Has Finally Managed to Shave off Its Food Business

Unilever Has Finally Managed to Shave off Its Food Business - Moby THE GIST Unilever wants to spin off its food division and merge it with spice maker McCormick, creating a $60 billion flavor business. Unilever shareholders would keep majority ownership and walk away with $15–16 billion in cash. Everyone wins, in theory. WHAT HAPPENED Unilever is in talks to merge its food business, valued at $30–35 billion, with McCormick, roughly doubling the combined value to $60 billion with some debt layered in. The ...