McCormick to acquire Unilever Foods via Reverse Morris Trust; Unilever shareholders to own ~55-65% of combined company

MCCORMICK & CO INC

Unilever will spin off foods business into SpinCo, then merge into McCormick; existing MKC shareholders retain ~35%.
Bridge financing of up to $15.7B committed from Citi, Goldman Sachs and Morgan Stanley.
Transaction valued at approximately $15.7B based on debt financing and note distribution provisions.
Closing conditions include regulatory approvals, McCormick shareholder vote on share issuance and charter amendments.
Termination fee of $420M payable by McCormick if board changes recommendation; expense reimbursement up to $75M if shareholder vote fails.

item 1.01 item 7.01 item 9.01

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accession 0001999371-26-007382

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