Business & Finance
Unilever-McCormick Deal Facing In Depth Review From UK Watchdog
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Consumer Unilever-McCormick Deal Facing In-Depth Review From UK Watchdog Unilever Plc and spice maker McCormick & Co.’s $44.8 billion deal faces an in depth investigation unless the firms offer remedies to allay the watchdog’s competition concerns. The Competition and Markets Authority said McCormick’s acquisition of Unilever’s global food business can lead to “substantial lessening of competition” in the supply of dry ingredient and sauces in the UK. The two companies have until November 18...
Consumer
Unilever-McCormick Deal Facing In-Depth Review From UK Watchdog
Unilever Plc and spice maker McCormick & Co.’s $44.8 billion deal faces an in depth investigation unless the firms offer remedies to allay the watchdog’s competition concerns.
The Competition and Markets Authority said McCormick’s acquisition of Unilever’s global food business can lead to “substantial lessening of competition” in the supply of dry ingredient and sauces in the UK. The two companies have until November 18 to offer undertakings to avoid a deeper so-called phase 2 investigation, the CMA said in a statement.