McCormick & Co. Inc. said Tuesday it has agreed to acquire Unilever's foods business at a $44.8 billion value to create a global ingredients powerhouse, in a deal steered by four law firms.
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WEDNESDAY, APRIL 1, 2026 Law360 iOS App Law360 Android App Follow Law360 on Facebook Follow Law360 on LinkedIn Follow Law360 on Twitter

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4 Firms Advise On McCormick's $44.8B Unilever Foods Buy

By Al Barbarino

McCormick & Co. Inc. said Tuesday it has agreed to acquire Unilever's foods business at a $44.8 billion value to create a global ingredients powerhouse, in a deal steered by four law firms.

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Kirkland, Goodwin Steer Lilly $7.8B 'Sleep-Wake' Disorder Deal

By Jade Martinez-Pogue

Pharmaceutical giant Eli Lilly & Co., advised by Kirkland & Ellis LLP, announced plans Tuesday to acquire daytime sleepiness-focused pharmaceutical company Centessa Pharmaceuticals PLC, led by Goodwin Procter LLP, in a deal worth up to $7.8 billion.

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Sullivan & Cromwell Tops Table On Global M&A Deals Advice

By Tom Fish

Sullivan & Cromwell was the leading legal adviser on global merger and acquisitions in the first quarter of 2026, while Slaughter and May topped the tables in Europe and Britain, according to rankings published by London Stock Exchange Group.

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DEALS

Engineer Extends Blackstone Consortium Offer Deadline

By Dawood Fakhir

Engineering group Senior PLC said Tuesday that its board and the Takeover Panel have extended the deadline for a consortium comprising private equity giant Blackstone and investment company Tinicum to formally make or cancel a takeover approach.

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Howden To Buy Hymans Robertson Insurance Consulting Unit

By Tom Fish

Howden Group Holdings said Tuesday that it has agreed to acquire the insurance and financial services consulting team of Hymans Robertson LLP to create a new actuarial and longevity advisory business for insurers.

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Largest UK Pension Funds Reconsidering Insurance Deals

By Martin Croucher

A majority of the U.K.'s largest defined benefit pension funds are now looking at alternative options to striking an insurance deal, a survey has found, as the government prepares to push through new rules that will allow £160 billion ($212 billion) to be reinvested into the economy.

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57% Of Pension Plans Mull Surplus Extraction, L&G Says

By Joel Poultney

Some 57% of defined benefit pension schemes in the U.K. are considering using surplus extraction amid rising funding levels and forthcoming legislation designed to allow plans to invest billions of pounds tied up in retirement saving plans, Legal & General said Tuesday.

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CAPITAL MARKETS

K&L Gates-Led Miner Raises £11M For Rare Earths Projects

By Tom Fish

Rainbow Rare Earths Ltd. said Tuesday that it has raised £11.1 million ($14.6 million) via a sale of new shares to fund the development of its projects in South Africa and Brazil.

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Optima Health Starts £35M Share Offer To Fund Acquisition

By Dawood Fakhir

Optima said Tuesday that it will raise up to £35 million ($46.3 million) in equity to partly fund its £100 million acquisition of occupational health and wellbeing services PAM Healthcare Ltd.

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NEWS IN BRIEF

Brief

Fraud Prevention Tech Biz Extends Buyback By Further £10M

By Irene Madongo

GB Group PLC said Tuesday that it will extend its share buyback program by an additional £10 million ($13 million) after it bought back stock worth £45 million in the 2026 financial year.

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Brief

Data Co. To Return Up To £10M In Surplus Funds To Investors

By Irene Madongo

GlobalData began a share buyback program of up to £10 million ($13 million) on Tuesday to reward investors and lower its share capital.

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Brief

Rosebank Industries Seeks Move To Main Market From AIM

By Irene Madongo

Rosebank Industries PLC confirmed Tuesday that it plans to shift to the main market of the London Stock Exchange from the LSE's junior investment platform, potentially paving the way for the company to join the FTSE index.

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LAW FIRMS IN TODAY'S NEWS

Cleary Gottlieb

Clifford Chance

Fried Frank

Goodwin Procter

HSF Kramer

Hogan Lovells

K&L Gates

Kirkland & Ellis

Linklaters LLP

Slaughter and May

Sullivan & Cromwell

Wachtell Lipton

COMPANIES IN TODAY'S NEWS

Advent International Corp.

Amazon.com Inc.

Anthropic PBC

Arcline Investment Management LP

BMO Capital Markets Corp.

Blackstone Inc.

Commerzbank

Eli Lilly & Co.

Engie

Financial Times Group Ltd.

GlobalData PLC

HSBC Holdings PLC

Howden Broking Group Ltd.

Index Ventures SA

Investec PLC

Lazard Ltd.

London Stock Exchange Group PLC

McCormick & Co. Inc.

NVIDIA Corp.

OpenAI OpCo LLC

Poste Italiane

Rothschild & Co. SCA

Senior PLC

SoftBank Group Corp.

The Mosaic Co.

Tinicum Inc.

UniCredit

Unilever PLC

GOVERNMENT AGENCIES IN TODAY'S NEWS

UK High Court