secwatch.observer — SEC 8-K summary
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Issuer:     MCCORMICK & CO INC (MKC)
CIK:        0000063754
Form:       8-K/A
Filed at:   2026-04-06T23:59:59+00:00
Accession:  0001999371-26-007671
Event type: m_and_a
Sentiment:  neutral
Materiality: 0.95
Item codes: 1.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/63754/000199937126007671/0001999371-26-007671-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/63754/000199937126007671/mkcv_8ka-033126.htm
  HTML page:      https://secwatch.observer/filing/0001999371-26-007671

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer