March 31 (Reuters) – Unilever has agreed to separate its food unit, home to Knorr and Hellmann’s, and merge it with spice maker McCormick in a cash-and-stock deal valuing the British firm’s food business at about $44.8 billion, the companies said on Tuesday.
(Reporting by Yadarisa Shabong and Juveria Tabassum in Bengaluru and Richa Naidu in London; Editing by Sherry Jacob-Phillips)
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