The March 31, 2026 announcement of a tax-efficient Reverse Morris Trust combination between McCormick and Unilever’s Foods business (excluding India) has become the dominant driver of trader positioning, establishing a $44.8 billion enterprise value for Unilever Foods at 13.8x fiscal 2025 EBITDA and implying a combined entity with approximately $20 billion in revenue. Unilever shareholders receive 65 percent equity in the merged company—valued at $29.1 billion based on McCormick’s one-month volume-weighted average price of $57.84—plus $15.7 billion in cash, enabling Unilever to refocus as a pure-play home-and-personal-care business while McCormick gains iconic brands such as Hellmann’s and Knorr. Management has guided to $600 million in run-rate cost synergies, mid- to high-single-digit adjusted EPS accretion in the first year, and a mid-2027 closing, subject to regulatory approvals and customary conditions. Recent share-price pressure on Unilever reflects market digestion of the deal’s leverage profile and potential antitrust scrutiny, while McCormick’s valuation reflects the strategic expansion of its flavor platform and deleveraging path to roughly 3x net debt to EBITDA within two years.
Experimental AI-generated summary referencing Polymarket data. This is not trading advice and plays no role in how this market resolves. · UpdatedWill McCormick merge with Unilever Foods by...?
Will McCormick merge with Unilever Foods by...?
NEW
Dec 31, 2026
December 31, 2026
10%
June 30, 2027
73%
December 31, 2027
79%
$366 Vol.
December 31, 2026
$276 Vol.
10%
June 30, 2027
$40 Vol.
73%
December 31, 2027
$50 Vol.
79%
McCormick & Company and Unilever announced the proposed combination of Unilever's Foods business with McCormick on March 31, 2026. You can read more about that here: https://www.unilever.com/news/press-and-media/press-releases/2026/unilever-announces-the-combination-of-unilever-foods-with-mccormick/.
This market will resolve to "Yes" if the merger between McCormick & Company and Unilever Foods is completed by the specified date, 11:59 PM ET. Otherwise, this market will resolve to "No".
The merger will be considered completed once it has become legally effective and the two companies are now a single entity or they exist under a single entity as one corporate group, as evidenced by official company announcements and/or regulatory filings (e.g. the filing of an 8-K form to the SEC that announces the closure of the deal). Shareholder approval, receipt of regulatory approvals, regulatory filings which do not announce the closure of the deal, or other intermediate steps towards the closing of a deal will not alone be sufficient for a ‘Yes’ resolution.
If the merger agreement is officially terminated or the deal has been abandoned according to official company communications, this market will resolve to “No”.
Resolution will be based on official company communications and regulatory filings from McCormick & Company, Unilever, or a combined successor entity, supplemented as needed by a consensus of reporting from major reputable news outlets.The March 31, 2026 announcement of a tax-efficient Reverse Morris Trust combination between McCormick and Unilever’s Foods business (excluding India) has become the dominant driver of trader positioning, establishing a $44.8 billion enterprise value for Unilever Foods at 13.8x fiscal 2025 EBITDA and implying a combined entity with approximately $20 billion in revenue. Unilever shareholders receive 65 percent equity in the merged company—valued at $29.1 billion based on McCormick’s one-month volume-weighted average price of $57.84—plus $15.7 billion in cash, enabling Unilever to refocus as a pure-play home-and-personal-care business while McCormick gains iconic brands such as Hellmann’s and Knorr. Management has guided to $600 million in run-rate cost synergies, mid- to high-single-digit adjusted EPS accretion in the first year, and a mid-2027 closing, subject to regulatory approvals and customary conditions. Recent share-price pressure on Unilever reflects market digestion of the deal’s leverage profile and potential antitrust scrutiny, while McCormick’s valuation reflects the strategic expansion of its flavor platform and deleveraging path to roughly 3x net debt to EBITDA within two years.
McCormick & Company and Unilever announced the proposed combination of Unilever's Foods business with McCormick on March 31, 2026. You can read more about that here: https://www.unilever.com/news/press-and-media/press-releases/2026/unilever-announces-the-combination-of-unilever-foods-with-mccormick/.
This market will resolve to "Yes" if the merger between McCormick & Company and Unilever Foods is completed by the specified date, 11:59 PM ET. Otherwise, this market will resolve to "No".
The merger will be considered completed once it has become legally effective and the two companies are now a single entity or they exist under a single entity as one corporate group, as evidenced by official company announcements and/or regulatory filings (e.g. the filing of an 8-K form to the SEC that announces the closure of the deal). Shareholder approval, receipt of regulatory approvals, regulatory filings which do not announce the closure of the deal, or other intermediate steps towards the closing of a deal will not alone be sufficient for a ‘Yes’ resolution.
If the merger agreement is officially terminated or the deal has been abandoned according to official company communications, this market will resolve to “No”.
Resolution will be based on official company communications and regulatory filings from McCormick & Company, Unilever, or a combined successor entity, supplemented as needed by a consensus of reporting from major reputable news outlets.
This market will resolve to "Yes" if the merger between McCormick & Company and Unilever Foods is completed by the specified date, 11:59 PM ET. Otherwise, this market will resolve to "No".
The merger will be considered completed once it has become legally effective and the two companies are now a single entity or they exist under a single entity as one corporate group, as evidenced by official company announcements and/or regulatory filings (e.g. the filing of an 8-K form to the SEC that announces the closure of the deal). Shareholder approval, receipt of regulatory approvals, regulatory filings which do not announce the closure of the deal, or other intermediate steps towards the closing of a deal will not alone be sufficient for a ‘Yes’ resolution.
If the merger agreement is officially terminated or the deal has been abandoned according to official company communications, this market will resolve to “No”.
Resolution will be based on official company communications and regulatory filings from McCormick & Company, Unilever, or a combined successor entity, supplemented as needed by a consensus of reporting from major reputable news outlets.
Market Opened: May 20, 2026, 11:49 AM ET
Volume
$366End Date
Dec 31, 2027Market Opened
May 20, 2026, 11:49 AM ETResolver
0x65070BE91...McCormick & Company and Unilever announced the proposed combination of Unilever's Foods business with McCormick on March 31, 2026. You can read more about that here: https://www.unilever.com/news/press-and-media/press-releases/2026/unilever-announces-the-combination-of-unilever-foods-with-mccormick/.
This market will resolve to "Yes" if the merger between McCormick & Company and Unilever Foods is completed by the specified date, 11:59 PM ET. Otherwise, this market will resolve to "No".
The merger will be considered completed once it has become legally effective and the two companies are now a single entity or they exist under a single entity as one corporate group, as evidenced by official company announcements and/or regulatory filings (e.g. the filing of an 8-K form to the SEC that announces the closure of the deal). Shareholder approval, receipt of regulatory approvals, regulatory filings which do not announce the closure of the deal, or other intermediate steps towards the closing of a deal will not alone be sufficient for a ‘Yes’ resolution.
If the merger agreement is officially terminated or the deal has been abandoned according to official company communications, this market will resolve to “No”.
Resolution will be based on official company communications and regulatory filings from McCormick & Company, Unilever, or a combined successor entity, supplemented as needed by a consensus of reporting from major reputable news outlets.The March 31, 2026 announcement of a tax-efficient Reverse Morris Trust combination between McCormick and Unilever’s Foods business (excluding India) has become the dominant driver of trader positioning, establishing a $44.8 billion enterprise value for Unilever Foods at 13.8x fiscal 2025 EBITDA and implying a combined entity with approximately $20 billion in revenue. Unilever shareholders receive 65 percent equity in the merged company—valued at $29.1 billion based on McCormick’s one-month volume-weighted average price of $57.84—plus $15.7 billion in cash, enabling Unilever to refocus as a pure-play home-and-personal-care business while McCormick gains iconic brands such as Hellmann’s and Knorr. Management has guided to $600 million in run-rate cost synergies, mid- to high-single-digit adjusted EPS accretion in the first year, and a mid-2027 closing, subject to regulatory approvals and customary conditions. Recent share-price pressure on Unilever reflects market digestion of the deal’s leverage profile and potential antitrust scrutiny, while McCormick’s valuation reflects the strategic expansion of its flavor platform and deleveraging path to roughly 3x net debt to EBITDA within two years.
McCormick & Company and Unilever announced the proposed combination of Unilever's Foods business with McCormick on March 31, 2026. You can read more about that here: https://www.unilever.com/news/press-and-media/press-releases/2026/unilever-announces-the-combination-of-unilever-foods-with-mccormick/.
This market will resolve to "Yes" if the merger between McCormick & Company and Unilever Foods is completed by the specified date, 11:59 PM ET. Otherwise, this market will resolve to "No".
The merger will be considered completed once it has become legally effective and the two companies are now a single entity or they exist under a single entity as one corporate group, as evidenced by official company announcements and/or regulatory filings (e.g. the filing of an 8-K form to the SEC that announces the closure of the deal). Shareholder approval, receipt of regulatory approvals, regulatory filings which do not announce the closure of the deal, or other intermediate steps towards the closing of a deal will not alone be sufficient for a ‘Yes’ resolution.
If the merger agreement is officially terminated or the deal has been abandoned according to official company communications, this market will resolve to “No”.
Resolution will be based on official company communications and regulatory filings from McCormick & Company, Unilever, or a combined successor entity, supplemented as needed by a consensus of reporting from major reputable news outlets.
This market will resolve to "Yes" if the merger between McCormick & Company and Unilever Foods is completed by the specified date, 11:59 PM ET. Otherwise, this market will resolve to "No".
The merger will be considered completed once it has become legally effective and the two companies are now a single entity or they exist under a single entity as one corporate group, as evidenced by official company announcements and/or regulatory filings (e.g. the filing of an 8-K form to the SEC that announces the closure of the deal). Shareholder approval, receipt of regulatory approvals, regulatory filings which do not announce the closure of the deal, or other intermediate steps towards the closing of a deal will not alone be sufficient for a ‘Yes’ resolution.
If the merger agreement is officially terminated or the deal has been abandoned according to official company communications, this market will resolve to “No”.
Resolution will be based on official company communications and regulatory filings from McCormick & Company, Unilever, or a combined successor entity, supplemented as needed by a consensus of reporting from major reputable news outlets.
Volume
$366End Date
Dec 31, 2027Market Opened
May 20, 2026, 11:49 AM ETResolver
0x65070BE91...The March 31, 2026 announcement of a tax-efficient Reverse Morris Trust combination between McCormick and Unilever’s Foods business (excluding India) has become the dominant driver of trader positioning, establishing a $44.8 billion enterprise value for Unilever Foods at 13.8x fiscal 2025 EBITDA and implying a combined entity with approximately $20 billion in revenue. Unilever shareholders receive 65 percent equity in the merged company—valued at $29.1 billion based on McCormick’s one-month volume-weighted average price of $57.84—plus $15.7 billion in cash, enabling Unilever to refocus as a pure-play home-and-personal-care business while McCormick gains iconic brands such as Hellmann’s and Knorr. Management has guided to $600 million in run-rate cost synergies, mid- to high-single-digit adjusted EPS accretion in the first year, and a mid-2027 closing, subject to regulatory approvals and customary conditions. Recent share-price pressure on Unilever reflects market digestion of the deal’s leverage profile and potential antitrust scrutiny, while McCormick’s valuation reflects the strategic expansion of its flavor platform and deleveraging path to roughly 3x net debt to EBITDA within two years.
Experimental AI-generated summary referencing Polymarket data. This is not trading advice and plays no role in how this market resolves. · Updated
Beware of external links.
Beware of external links.
Frequently Asked Questions