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

McCormick & Company, Incorporated +1.99% Pre

McCormick & Company, Incorporated

MKC

54.33

54.00

+1.99%

+0.28% Pre

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

Source text: ID:nRSe8876Ya

Further company coverage: ULVR.L


This page is machine-translated. Sahm tries to improve but does not guarantee the accuracy and reliability of the translation, and will not be liable for any loss or damage caused by any inaccuracy or omission of the translation. *Disclaimer: The above content only represents the author's personal position and opinion and does not represent any position of Sahm Capital Financial Company and Sahm cannot confirm the authenticity, accuracy, and originality of the above content. Investors should consider the risks of investment products in light of their circumstances before making any investment decisions. When necessary, please consult a professional investment advisor. Sahm does not provide any investment advice, nor does it make any commitments and guarantees.