McCormick To Divest Seasoned Salt To Appease FTC

Law360, New York (July 31, 2008, 12:00 AM EDT) -- McCormick & Co. Inc. has agreed to sell off its $18 million Season-All Seasoned salt business in a bid to make its proposed $605 million takeover of the Lawry's and Adolph's brands from Unilever N.V. more palatable to federal regulators.

The spice maker said Wednesday it had entered into a definitive agreement to sell its Season-All business to the Morton Salt Group of Morton International for $15 million in cash, paving the way for the U.S. Federal Trade Commission to approve its acquisition of the assets...
To view the full article, register now.

Law360 UK

UK Financial Services

Read Our Latest UK Legal News & Analysis

Financial Services Law360 UK and Insurance Law360 UK provide breaking news and in-depth analysis on U.K. and European Union regulation, enforcement, legislation, and litigation involving banks, investment firms, insurers, and more.