Unilever PLC Share Price Rises After McCormick Food Talks Put €30 Billion Arm in Play
Unilever shares rose 0.47% after confirming talks with McCormick & Co. over a potential sale of its Foods unit, which generated €12.9 billion in sales last year. The company warned there is no certainty of a deal. Barclays values the Foods arm at up to €31 billion, far above McCormick’s market cap. Talks with Kraft Heinz have ended.