Unilever and McCormick: A Flavorful Merger on the Horizon?

Unilever is in discussions to separate its food division and merge it with McCormick, a prominent spice maker. This potential all-stock deal could be finalized in weeks, sources reveal. Both companies have yet to comment on these ongoing negotiations.

Unilever is reportedly in talks to carve out its food sector, planning to merge it with McCormick, a leading spice company, as per The Wall Street Journal.

The proposed all-stock deal could be concluded in a matter of weeks, provided the ongoing negotiations do not fall through, the report added.

Both Unilever and McCormick have remained silent, declining to respond to Reuters' inquiries for comments on the potential merger.

(With inputs from agencies.)