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.

UK Financial Services

UK Financial Services

Read Our Latest UK Financial Services Coverage

Financial Services Law360 UK provides breaking news and analysis on the financial sector. Coverage includes UK and European Union policy, enforcement, and litigation involving banks, asset management firms, and other financial services organizations.