Spread of transatlantic firms in the mix on Unilever’s $45bn food business sale

Spread of transatlantic firms in the mix on Unilever’s $45bn food business sale

Clifford Chance and Wachtell, Lipton, Rosen & Katz are advising Unilever as it agrees to combine its foods division with McCormick & Company, advised by Hogan Lovells and Cleary Gottlieb, in a deal valued at $45bn.

The proposed transaction would combine Unilever’s foods arm — which includes brands such as Knorr, Marmite and Hellmann’s — with McCormick’s portfolio, which includes Schwartz, French’s, Old Bay and Frank’s RedHot.

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