business / news / / Daily Mail Online
The hurried effort by Unilever to become a pure-play health, well-being and beauty outfit by offloading food operations to US ingredients group McCormick is.
Unilever's food business sale to McCormick excludes Hindustan Unilever, Nepal, and Portugal operations.
KEY POINTS
- Unilever shareholders will own 55% of the new food company but have no vote on the deal.
- Unilever is not required to disclose transaction details like advisers' fees or directors' dealings to shareholders.
- The deal uses a Reverse Morris Trust structure, allowing Unilever to avoid major tax liabilities.
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