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UL 資訊
UL 事件
McCormick to Merge with Unilever Foods, Projecting $20B Revenue in 2025
The company said, "In March 2026, the Company announced the agreement to combine McCormick with Unilever's Foods business, excluding India and other excluded businesses to create a preeminent global flavor-focused company operating in attractive, high-growth categories, with approximately $20B in fiscal year 2025 revenue and a 21% operating margin and strong cash flow generation. The transaction is expected to be accretive to McCormick's net sales growth rate, operating margin, and adjusted EPS with mid- to high-single-digit adjusted EPS accretion anticipated within the first twelve months post-close and mid-to high-teens accretion expected in Year 3. The combined company is expected to realize approximately $600M of annual run-rate cost synergies, net of growth reinvestments and potential dis-synergies, with approximately two-thirds expected to be achieved by Year 2 post-close. The Company also expects to identify approximately $100M of incremental cost and revenue synergies that will be reinvested to further support growth. Cost synergies are expected to be driven primarily by SG&A, procurement, and manufacturing and logistics efficiencies. Integration planning remains on track. McCormick has announced the planned future operating model and leadership team, established a dedicated Integration Management Office, and mobilized 20 cross-functional teams comprising more than 200 employees from McCormick and Unilever Foods. Detailed bottom-up Day 1 planning has identified a clear pipeline of quantified initiatives, supported by defined actions, ownership, timing, and resources. The companies have also established global transition service agreements designed to support business continuity from Day 1 and facilitate a phased exit over approximately two years following close. Lastly, McCormick continues to advance the regulatory approval process, with filings submitted on schedule across jurisdictions. The transaction is expected to close by mid-2027, subject to customary closing conditions and regulatory approvals."
Unilever Sells Zwitsal Brand to Royal Sanders
Unilever is selling personal care brand Zwitsal to Royal Sanders because it does not fit the company's strategy to invest in global brands with a broad international reach. Zwitsal is primarily known in the Netherlands and Belgium, particularly for its baby care products. No financial details have been disclosed.
Federal Reserve Holds Rates Steady, Major Indices Drop Significantly
The major averages had a significantly lower finish after the Federal Reserve maintained interest rates. The central bank left the federal funds rate unchanged at 3.50%-3.75%, though three Fed members voted to raise rates by a quarter point. Commenting on the news, Fed Chair Kevin Warsh said that FOMC discussions were "collegial and constructive," adding that inflation issues "cannot be cured in nine weeks." All three major indices ended the trading day at their lowest points, with each down at least 1.5%.Meanwhile, oil prices rose after President Donald Trump told a Fox News reporter that the U.S. will be hitting Iran "hard" in response to recent surprise attacks in the region. The news comes after U.S. Central Command said in a post on X, formerly Twitter, that Islamic Revolutionary Guard Corps forces launched "multiple ballistic missiles in an attempted surprise attack on U.S. forces based in the Middle East." CENTCOM noted that the missiles were successfully intercepted.Get caught up quickly on the top news and calls moving stocks with these five Top Five lists.1. STOCK NEWS:Fordprovided areport for Q2Procter & Gamblereportedand provided its core EPS outlook for FY27Seagatereportedand provided guidance for Q1 and FY27CBIZagreed to befor $5BThe Federal Reserve left theat 3.50%-3.75%2. WALL STREET CALLS:Caterpillarat Baird amid growing trend towards regulatory action at targeting data centersCitiFordto Buy on improving momentumCheesecake Factoryto Hold at Jefferies and upgraded to Equal Weight at Morgan StanleyBloom Energyto Buy at Clear Street after pullbackGoldman SachsGeminito Sell, sees a challenging path to profitability3. AROUND THE WEB:Shelland Phillips 66are working on a potential sale of their stakes in the company which owns the Explorer refined products pipeline, Reuters reportsDisneyis dropping GitHub Copilot for OpenAI, Insider reportsUnileverhas agreed to protect employment terms for workers in its European food business for two years following the completion of its merger with McCormickin 2027, Reuters saysNvidiahas signed leases worth up to $50B for a 1GW Texas data center being developed by Hut 8, underscoring its growing role in financing AI infrastructure and securing long-term computing capacity, FT reportsMetaCEO Mark Zuckerberg, in an opinion piece in The Wall Street Journal, argues that the coming era of superintelligence should focus on empowering individuals rather than concentrating AI power in a small number of governments or companies4. MOVERS:Verra Mobilityincreased afterwith Avis BudgetNeoGenomicswas higher afterand raising its revenue guidanceAvantorand ExlServicegained afterParsonsfell afterand lowering its guidance for FY26Bandwidthand Lemonadewere lower after5. EARNINGS/GUIDANCE:Humanareportedand reiterated its FY26 outlookSoFi Technologies, with EPS and revenue beating consensusJohnson Controls, provided guidance for Q4, and raising its outlook for FY26Garrett Motion, with CEO Olivier Rabiller calling it "a strong second quarter"Lennoxand cut its guidance for FY26INDEXES:The Dow fell 1,153.18, or 2.19%, to 51,594.14, the Nasdaq lost 433.97, or 1.74%, to 24,442.94, and the S&P 500 declined 112.63, or 1.52%, to 7,316.15.
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