secwatch.observer — SEC 8-K summary
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Issuer:     MCCORMICK & CO INC (MKC)
CIK:        0000063754
Form:       8-K
Filed at:   2026-04-01T23:59:59+00:00
Accession:  0001999371-26-007382
Event type: m_and_a
Sentiment:  neutral
Materiality: 1.00
Item codes: 1.01, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/63754/000199937126007382/0001999371-26-007382-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/63754/000199937126007382/mkcv_8k-033126.htm
  HTML page:      https://secwatch.observer/filing/0001999371-26-007382

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