CMA dials up probe into Unilever’s $65bn McCormick tie-up

The competition watchdog has escalated its probe into Unilever’s $65bn deal to offload its food arm to American spice giant McCormick, warning it could “substantially” weaken competition in the UK grocery market. In an update on Wednesday, the Competition and Markets Authority (CMA) said the mega-merger “gives rise to a realistic prospect of a substantial [...]