Unilever in Talks to Sell Food Division to McCormick in Multibillion-Dollar Deal

• Unilever is in discussions to sell its food division, including brands like Marmite and Knorr, to US-based McCormick.
• The potential multibillion-dollar deal aligns with Unilever's strategic shift towards beauty and personal care categories.
• Analysts estimate Unilever's food division valuation between $36 billion and $37 billion; McCormick may use stock and cash.
• The sale could be structured as a Reverse Morris Trust for tax efficiency, with Unilever potentially retaining a minority stake.
• The proposed transaction faces shareholder pressure, employee concerns, and political scrutiny over selling iconic brands.