Negative
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Proactive Investors
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6 months ago
Unilever's McCormick deal looks neutral at best, JPMorgan warns Unilever PLC's (LSE:ULVR) potential sale of its foods division to American spice giant McCormick may disappoint investors despite its strategic appeal, according to analysis by JPMorgan. The US bank sees the deal as broadly "neutral to value creation", while bringing meaningful execution risks.