1. McCormick & Co., the world's biggest maker of spices, agreed to buy Unilever's Lawry's seasonings for $605 million, adding marinades and meat-tenderizer products.
a) The transaction is all-cash and includes the rights to the brands and related inventory.
b) It doesn't include a Missouri manufacturing plant or any workers.
c) It will add to profit immediately.
2. McCormick will use cash, committed bank lines and commercial paper borrowings to fund the purchase.
3. It agreed to pay Unilever a $30 million breakup fee if the transaction doesn't receive U.S. regulatory approval.
4. It raised prices and made purchases to meet a goal of increasing annual sales by as much as 6 percent.
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