McCormick-Unilever Foods Merger Faces UK Antitrust Scrutiny
MT Newswires Live
Yesterday
McCormick's (MKC) proposed merger with Unilever's (UL) foods business is facing scrutiny by the UK's Competition and Markets Authority, according to a notice issued Wednesday.
The regulator is assessing whether the proposed deal could lessen competition in UK markets.
The CMA has set a Nov. 11 deadline for its phase 1 decision, it said.
Unilever shares were down 1.1% in premarket activity.
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.