Unilever Foods to combine with McCormick

TL;DR

Unilever-McCormick potential food unit deal includes $16 billion cash component, WSJ reports Hellmann's mayonnaise on a hamburger with a dash of Frank's Red Hot Sauce may soon be credited to one monster food maker. Spice maker McCormick (MKC) is near a deal to combine with Unilever's (UL) food business, according to a source familiar with the matter. A deal could come before the market opens on Tuesday, the source said.