NYSE:MKC 9 May 2026 - 14 May 2026

Unilever’s McCormick Deal Gets Awkward After Terry Smith Walks Away
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Unilever’s McCormick Deal Gets Awkward After Terry Smith Walks Away

Fundsmith, led by Terry Smith, has sold its entire Unilever stake, citing concerns over the company’s planned $44.8 billion food business merger with McCormick. Unilever shareholders approved all AGM resolutions, including Nelson Peltz’s re-election, but will not vote on the McCormick deal. Unilever shares rose 0.18% in London morning trade. The transaction is expected to close by mid-2027, pending approvals.
May 15, 2026
Unilever’s $45 Billion McCormick Deal Faces Fresh Investor Heat After Terry Smith Exit
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Unilever’s $45 Billion McCormick Deal Faces Fresh Investor Heat After Terry Smith Exit

Unilever shareholders approved all 21 resolutions at the annual meeting, re-electing CEO Fernando Fernandez and activist Nelson Peltz. Fundsmith’s Terry Smith sold his Unilever stake, citing concerns over the $44.8 billion food business merger with McCormick. Shares fell 0.42% in London morning trading as investors reacted to the portfolio overhaul.
May 14, 2026
Unilever PLC’s $65 Billion McCormick Deal Faces Fresh ESG Investor Pressure
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Unilever PLC’s $65 Billion McCormick Deal Faces Fresh ESG Investor Pressure

Some Unilever investors are demanding strict sustainability and deforestation standards for the $65 billion foods merger with McCormick & Co. McCormick would control a larger supply chain with greater exposure to agricultural risks. Unilever says 97% of its key commodities were deforestation-free in 2025, while McCormick is updating its sustainability program. The deal is expected to close by mid-2027.
May 9, 2026

Stock Market Today

  • Temple & Webster Shares Slide Amid Renewed Market Speculation
    May 26, 2026, 8:36 PM EDT. Temple & Webster's stock experienced a notable slide, triggering renewed market speculation about the e-commerce company's outlook. Investors reacted sharply, reflecting concerns over recent performance and future prospects. The decline added pressure to online retail stocks, influencing broader market sentiment. Market analysts urge caution, emphasizing the importance of thorough financial advice and independent research before making investment decisions. This development underscores the volatility in the retail sector amid shifting consumer trends and economic conditions.