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00:02Unilever is in talks to separate its food business and combine it with McCormick,
00:07according to the Wall Street Journal. The move would continue a trend of consumer
00:10companies streamlining operations and would leave Unilever focused on beauty,
00:15personal care, and home products. McCormick has a market value of about $14.8 billion,
00:21while Unilever is valued at nearly $140 billion, and its food unit could be worth tens of billions.
00:27An all-stock deal could come within weeks if talks hold. Unilever has pursued deals in recent years,
00:34including spinning off its ice cream business. CEO Fernando Fernandez has said the company is
00:39focused on smaller acquisitions in beauty and personal care. For all things money, visit Benzinga.com.
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