Unilever (UL) Nears Deal to Combine Food Division with McCormick

Unilever (UL) is in negotiations to merge its food division with spice maker McCormick. This strategic shift will reposition Unilever from a multi-category conglomerate into a focused beauty and personal care company. Although specific financial terms were not disclosed, this move signifies a major restructuring in Unilever's business model. The completed transaction could potentially impact market dynamics within the food and personal care sectors.