Unilever-McCormick potential food unit deal includes $16 billion cash component, WSJ reports

try{ var _=i o; . if(!_||_&&typeof _==="object"&&_.expiry Oil up, Brent briefly hits $115 as Trump threatens Iranian energy infrastructure Gold prices edge higher amid dip-buying, positive comments from Fed’s Powell Stocks end largely lower, Dow ekes out gain to exit correction territory "Buy now": Morgan Stanley explains why you should buy dip in this mega cap stock (South Africa Philippines Nigeria) Unilever-McCormick potential food unit deal includes $16 billion cash component, WSJ reports By Stock Markets Published 03/30/2026, 05:53 PM Updated 03/30/2026, 06:12 PM Unilever-McCormick potential food unit deal includes $16 billion cash component, WSJ reports 0 MKC 1.22% ULVR 0.90% March 30 - Unilever is in advanced talks to combine its food business with U.S. spice maker McCormick , in a deal that includes a cash component of around $16 billion, the Wall Street Journal reported on Monday, citing people familiar with the matter. A cash-and-stock deal could be announced as soon as Tuesday, when McCormick is set to report its first-quarter results, according to the report. Unilever and McCormick did not immediately respond to Reuters’ requests for comment. Shares of McCormick jumped about 4% in extended trading following the report. The proposed combination would offer the British group’s shareholders a majority stake in the new entity and tax benefits, and would be arranged like a so-called reverse Morris trust , which saves on taxes, Reuters reported last week.