McCormick agrees to acquire Unilever Foods; Unilever shareholders to own ~55% of combined company

MCCORMICK & CO INC

Transaction structured as Reverse Morris Trust: Unilever spins off Foods business into SpinCo, then merges into McCormick.
Unilever shareholders to own approx 55.1%, McCormick shareholders 35%, DutchCo 9.9% of McCormick common stock.
McCormick obtained $15.7B bridge loan commitment from Citi, Goldman Sachs, Morgan Stanley to finance cash portion.
McCormick will divest up to $1.4B in sales to secure antitrust clearance; $420M termination fee if deal fails.
Board will expand to 12 members, with 4 designees from Unilever; closing expected within 12 months of signing.

item 1.01 item 9.01

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accession 0001999371-26-007671

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