Deals roundup: UK watchdog sets terms for Unilever and McCormick, Intermex vs Western Union

what happened

Britain's competition watchdog told Unilever and US spice maker McCormick to address concerns in recipe mixes and sauces. Otherwise, their planned $65 billion food deal could face an in-depth investigation.

Intermex rejected Western Union's decision to end their merger agreement and asked the money transfer company to take all steps needed to complete the deal. Ozon said entities linked to businessman Alexander Chachava had lost control of JSC O23, which holds a 34.95% stake in Ozon. According to Reuters, two people familiar with the matter said Credit Agricole signalled to Italy it would be open to selling Anima Holding as part of its proposed merger with Banco BPM. Swedish firm EQT also lifted its offer for Kakaku.com to 3,700 yen per share from 3,683 yen, a filing showed.

why it matters

Regulatory decisions set the timing and conditions for closing large deals, so investors weigh not only price but also the chance a transaction is completed. Consolidation in consumer goods and banking shifts expectations for sector valuations and for the shares of companies involved.

market impact

Unilever and McCormick shares: a possible in-depth probe adds uncertainty over deal timing.

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