US stocks movement | McCormick & Company rises nearly 4% before market open, reportedly close to reaching a merger agreement with Unilever's food division

LootboxPhobia · 2026-03-31T13:08:08+00:00

McCormick & Company and Unilever are close to reaching a merger agreement, aiming to jointly create an industry giant valued at $60 billion. The deal will involve cash and stock, with specific terms still under review, and the plans remain subject to change.

LootboxPhobia

2026-03-31 13:08:08

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Gelonghui March 31 | Flavoring and condiment producer Taste & More (MKC.US) was up nearly 4% before the market opened, at $55.83. Unilever (UL.US) was up 1.3% before the market opened, at $60.77. According to sources familiar with the matter, Taste & More is nearing an agreement to merge with Unilever’s food division, jointly creating a new industry giant valued at $60 billion. Unilever’s board of directors held a meeting on Monday afternoon local time to review the specific terms of this pending deal. The transaction involves both cash and stock, and the timing may be coordinated with the release of Taste & More’s latest quarterly earnings report, though sources also caution that the plan still faces uncertainties. (Gelonghui)

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